Tue, Aug 22, 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 29

Saturday, July 23, 2011

Last week saw only a few launches including one from Daniel Goldberg who announced plans to step down as head of Morgan Stanley's Brazilian unit to start a hedge fund specializing in high-risk credit products, and a launch from former Deephaven Capital manager Edouard Salet.

Highland Capital Management LP said it will take three years to complete the fund’s liquidation. A study by Dow Jones and Credit Suisse show that hedge funds are on pace to double 2010 investor inflows in 2011. However, assets in Swiss funds fell 2% in June on concerns over Eurozone debt problems.

The of Imperia Investment Group expanded to $65m because of fresh inflows, Jeffrey Gundlach’s hedge fund’s assets have risen 28% on mortgage-backed bonds since its launch in September 2010, and Gottex Fund Management assets are now at $8.9bn. Henderson Global Investors lost GBP 438 million of the assets when Gartmore Investment Management acquired it in the first half of the year. And, Blackstone Group reported its 2Q 2011 financial results and is expecting profit to increase to $703 million on $1.3 billion in revenues, up 243% or $498 million from the $205 million profit at the same time last year.

The performances of large hedge fund startups consistently show underperformance but typically easily raise money. Sluggish markets have stalled CTAs growth.

Individual fund performance for June continues to come in. The Toro 1A fund was up +0.98% in June (+27.82% YTD); The Midway Market Neutral Fund was up +1.75% in June (+22.17% YTD) to mark its 29th-month of consecutive wins.

The......................

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: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. Comment: "Long-Term Investing": What managing drawdown risk can do to your long-term returns[more]

    Matthias Knab, Opalesque: Real Investment Advice writes on Harvest Exchange: Last week, I was having lunch with a prospective portfolio management client discussing the curre

  3. Jasper Capital International joins Hedge Fund Standards Board[more]

    Komfie Manalo, Opalesque Asia: Diversified and systematic investment firm Jasper Capital International has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund i

  4. Investing - Hedge-fund honchos including David Tepper are loading up on Alibaba, Billionaire hedge fund manager Stanley Druckenmiller is betting big on the Chinese consumer, Big-name U.S. hedge funds shed healthcare stocks during the rally in second-quarter, U.S. hedge funds bearish on FAANG stocks in second-quarter, Hedge fund titan Viking Global made a $680 million bet on scandal-plagued Wells Fargo[more]

    Hedge-fund honchos including David Tepper are loading up on Alibaba From CNBC.com: David Tepper's Appaloosa Management and three other he ge funds took new stakes in Chinese e-commerce giant Alibaba in the second quarter, according to the latest quarterly filings. Appaloosa disclos

  5. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq