Tue, Oct 21, 2014
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

Banner

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: What's next for trend followers?[more]

    Bailey McCann, Opalesque New York: New research out from Ibbotson touches on a key debate happening among investors and fund managers, specifically whether long term trend followers can survive in the new

  2. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  3. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  4. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  5. Sparx optimistic about outlook for Japan[more]

    Benedicte Gravrand, Opalesque Geneva: According to SPARX, there are causes to be optimistic about the outlook for the Japanese market and the country's economy in general. Sparx Asset Management is a Tokyo-based asset manager, part of