Mon, Sep 22, 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 27

Saturday, July 09, 2011

There were several launches last week led by China Development Bank which announced impressive plans to launch a $10bn hedge fund targeting Asian SMEs. Other launches included announcements from: Ex-Rubicon manager Tim Attias who partnered with Catherine Cripps for Sata Partners (global macro), Generation Asset Management (multi-asset, multi manager emerging market), Merchant Capital Ltd (equity long/short UCITS). Nomura’s proprietary unit will launch the Nomura Cross Asset Strategies LLP.

We also learned of launches from EverTrend Asset (macro managed futures), JP Morgan Asset Management (global equity absolute alpha fund), Morgan Stanley (long/short strategy focused), and we found out that Ex-Clinton quant chief Ellen Wang will launch own hedge fund with Academy Investment.

Hedge fund Man Group’s assets jumped $71bn in Q2-2011 (a rise of about 2.8%). Morgan Sze’s Azentus Capital Management Ltd., increased assets to an impressive $1.9 billion+, and Dymon Asia Capital’s Dymon Asia Macro Fund’s assets have also exceeded $1bn. However, the assets of Charlemagne Capital have fallen by 5.5% YTD.

We also learned of strong asset growth in Dutch hedge funds, which have increased from €2.9bn to €13.3bn in the past two years.

BusinessInsider released the 10 worst performing hedge fund managers capped mainly by those focused on the financials and energy sectors. 2M Asian Absolute Return Fund defied the volatile markets in May with +0.86% returns (+0.31%YTD). LNG Europa Credit Fund maintained its position amongst the top performers in European credit with +8.36 YTD as of May.

Reporting in for June performance was the Barak Structured Trade Finance Fund was ......................

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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali