Thu, Jul 2, 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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

 

banner