Thu, Oct 20, 2016
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), 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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Macro hedge funds up 3.3% in one week on Fed and Brexit pays off[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were boosted by the strong performance of global macro funds, with the Lyxor Global Macro Index gaining 3.3% as of the week ending Oct. 11 (-1.7% YTD), Lyxor Asset Management reported. Their short on the p