Tue, Apr 21, 2015
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 25

Saturday, June 25, 2011

The world’s biggest hedge fund firm, Bridgewater Associates, announced one of the most impressive new fund launches this year with its latest $10bn hedge fund. Also announced this week were launches from Sparx Group (Japan reconstruction), a former Banque d’Orsay prop desk team (merger arb), Man Group (multi strategy UCITs), and Italy-based Azimut (UCITS III).

We learned of the first hedge fund launching in the western part of China (Chengdu), and that Altarius Asset Management has launched Paragon, a hedge fund platform aimed at small and medium-sized management companies.

While there were not announced closures, but hedge fund manager RAB Capital outlined its plans todelist after assets fell to just $1bn. And hoping to make the opposite move, and find themselves a listed firm is the Oaktree Capital Group, which has filed for an initial public offering.

There was good news and bad news in industry asset flows. Hedge fund assets decreased in May as inflows were no match for April's poor performance and the industry dropped $5bn. However, a GlobeOp study showed that hedge fund redemption requests for July (a typically high redemption month) are lower than prior years, but show a slight uptick from June redemption requests.

Individual funds with asset growth include Man Group PLC, which is targeting to triple it assets within five years, and Perimeter Capital hedge fund has recently reached $50.1m.

Hedge funds failed to post positive performance in May on poor economic data. Data from HedgeFund.net indicated that the decline in the U.S. dollar and commodity prices dragged hedge fund performance last month.

Fixed income and mortgage-backed hedge funds ......................

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. Studies - Fund managers bullish on equities, alternative asset classes, Hedge funds starting to spurn emerging markets, Insurance companies take aggressive approach to hedge funds despite restricted exposure[more]

    Fund managers bullish on equities, alternative asset classes From Benefitnews.co: Asset allocation and risk continue to be the top issues for institutional investors in 2015 and, while nobody is sure what the economy will do in 2015, investment fund managers remain positive about investm

  2. Investing - New hedge fund strategy: Dispute the patent, short the stock, David Einhorn bets on AerCap as leasing company avoids turbulence, Top hedge funds reveal these best investing ideas, Hedge funds bet big on PetSmart price bump, Victory Park Capital increases investment in upstart to $500m[more]

    New hedge fund strategy: Dispute the patent, short the stock From WSJ.com: A well-known hedge-fund manager is taking a novel approach to making money: filing and publicizing patent challenges against pharmaceutical companies while also betting against their shares. Kyle Bass, head of Hay

  3. Tiger Global falls 2.9% in March, down 5.3% in Q1[more]

    From Reuters.com: Investment firm Tiger Global Management, one of the hedge fund industry's most closely watched players, told clients that its hedge fund lost 5.3 percent during the first quarter, an investor said on Wednesday. Much of the decline came in March when the fund lost 2.9 percent,

  4. It’s not just hedge funds—IMF study finds stability risks from ‘vanilla’ funds[more]

    From MarketWatch.com: Leveraged hedge funds and banklike money-market funds are the parts of the asset-management industry most associated with risks to financial stability. But a report from the International Monetary Fund suggests that “plain-vanilla” mutual funds and exchange-traded funds also ca

  5. Hedge funds gain 2.4% in Q1 driven by currency and commodity markets[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted positive results last March to conclude a strong first quarter, with performance driven by strong macro trends in currency and commodity markets, complemented by broad-based gains and positioning in event driven, equity hedge and fixed income-b

 

banner