Wed, Sep 28, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Review of hedge fund launches, closures, trends, regulatory and legal events - week 23

Saturday, June 11, 2011

Last week saw launches from Bernheim, Dreyfus & Co., which is launching its new $100m Diva Synergy Fund (UCITS III). Also launching UCITS funds are Deutsche Bank, which is joining forces with Millburn Ridgefield Corporation (DB Platinum IV dbX Millburn Multi-Markets Index Fund), and Morgan Stanley bolstered its UCITS platform, FundLogic Alternatives by adding three US-based hedge fund managers. Meanwhile, a wave of hedge fund managers is poised to launch regulated, onshore vehicles in Europe in 2012.

South Korea has allocated 100bn Won ($92.6m) for the launch of the Global Win-Win Fund, and Pictet Asset Management has launched PTR-Mandarin (long/short China equity). Merchant Capital Limited expanded its platform with the launch of 5 new funds, and Michael Durante has launched the Blackwall Partners Fund (long/short equity).

We also found out about a new hedge fund seeding vehicle being launched by a partnership between Woori Absolute Partners and NewAlpha Asset Management.

Phil Falcone's Harbinger Capital Partners is reportedly facing $1bn in redemptions. Harbinger is offering unsaleable LightSquared stock for redemptions in kind.

Hedge funds assets gained +2.26%, or $57.6bn in April to reach $2.607tln, reported Hedgefund.net. Coming in at a much lower asset total for the industry was TrimTabs Investment Research and BarclayHedge, which said that the hedge fund industry pulled in $17.5bn to reach $1.8tln. Fund of hedge fund assets have reportedly gained $45bn in last 6 months. Dalton Strategic Partnership has soft-closed Melchior Selected Trust European Absolute Return fund, after it has hit $500m (£305m).

Hedge fund performance suffered a blow in May but allocations o......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style