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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 ......................

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