Sat, Apr 29, 2017
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. Opalesque Exclusive: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  3. Investing - How Chipotle's comeback attracted big data robots and value investors alike[more]

    From Forbes.com: When William Ackman's ailing hedge fund Pershing Square Capital Management bet $1 billion on shares in Chipotle Mexican Grill beginning in July 2016, the stakes couldn't have been higher. Pershing Square was reeling from what would eventually be a near $4 billion loss in drugmaker V

  4. Gondor Capital sees challenges ahead for financial markets as two hedge funds post strong gains in Q1[more]

    Komfie Manalo, Opalesque Asia: Vincent Au, portfolio manager of New York-based hedge fund firm Gondor Capital Management believes that the remaining of the year would be challenging for the financial markets even as his two hedge funds maintain

  5. Service Providers - Colemore launches fee tracking service for limited partners[more]

    Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort. There is a glob