Fri, Apr 28, 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 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: 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. Hedge funds holding Puerto Rico bonds are looking at a long battle[more]

    Komfie Manalo, Opalesque Asia: Hedge funds which bought Puerto Rico's distressed debt bonds are facing the prospect of a long road ahead to recover their investments as the Caribbean island is attempting to use a U.S. Congress-approved rule that allows it to exploit a bankruptcy-like proceedings

  3. 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

  4. 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

  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