Sat, Dec 10, 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. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg

  2. Opalesque Roundtable: Australian family offices search for good risk adjusted returns, happy to pay for skill[more]

    Komfie Manalo, Opalesque Asia: Australian family offices want foremost good risk adjusted returns, and they are happy to pay for the skill, and in some cases, the limited capacity of an active manager. Jonas Daly, Head of Distribution at B

  3. StepStone announces close of Swiss Capital acquisition[more]

    StepStone Group LP announced it has successfully closed the acquisition of Swiss Capital Alternative Investments AG, one of the leading private debt and hedge fund solutions providers in Europe. The transaction was originally announced in May 2016, and has been in the process of receiving regulatory

  4. Investing - Stephen Cohen investing $275m in free clinics treating veterans' mental health issues, California Resources loses favor with hedge funds[more]

    Stephen Cohen investing $275m in free clinics treating veterans' mental health issues From Healthcarefinancenews.com: …Now, a new chain of free mental health clinics for vets has opened in five cities across the United States to fill the gap. The much-needed new treatment is underwritten

  5. Hedge funds flat in last week of November 'in sympathy with markets’[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were close to flat in the last week of November in sympathy with markets, which took a pause ahead of the OPEC meeting and Italian referendum. The Lyxor Hedge Fund Index was -0.1% as of end November 29 (-1.7% YTD), according to the latest