Sun, Jun 26, 2016
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 28

Saturday, July 16, 2011

Last week saw several launches led by GLG which launched a UCITS version of its European long-short equity hedge fund, the GLG European Equity Alternative (long-short equity). We also learned of launches from Nomura proprietary trader Benjamin Fuchs ($400m hedge fund), French asset manager Tikehau Investment Management (3 funds), Altegris (macro fund), and CalPERS will launch a vehicle focused on domestic emerging managers. We also heard that Lyxor Asset Management is considering the launch of a pure Asian quantitative fund.

RAB Capital will set to de-list after agreeing to buyout terms. And, the only closures we heard about last week were due to funds seeing higher asset inflows. Dalton Strategic Partnership has hard closed its $600m European Absolute Return Fund, and Raging Capital will close to new investors until 2012 after returning 28.3% YTD in 2011.

Hedge funds assets were down in June due to concerns about European debt woes, commodities, and the U.S. dollar. Even though hedge funds grabbed over $8bn in asset inflows in May (heavily favoring commodities), Hedgefund.net reported that in June redemptions saw an uptick.

Merrion European Absolute Return Fund’s assets were up 65% one year after inception. Abrams Capital Management has raised $2.37bn in limited partnership interests for its hedge fund, Abrams Capital Partners II LP. Castle Alternative Invest initiated a share buyback program. Performance for the first half of 2011 are beginning to roll in and Swiss fund of hedge funds ALTIN is ......................

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 Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Visium hedge fund manager Sanjay Valvani found dead[more]

    Benedicte Gravrand, Opalesque London: A hedge fund manager connected with an insider trading case has apparently committed suicide. Sanjay Valvani, 44, a hedge fund manager at New York-based Visium Asset Management, was found dead in an apparent suicide on 21 June in his Brooklyn residence,