Sun, May 28, 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. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  2. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  3. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  4. Opalesque Roundtable: France's hidden strengths in AI and machine learning[more]

    Komfie Manalo, Opalesque Asia: All nations offer their strengths and weaknesses, but one that is undisputed is the quality of the French scientists, claimed Guillaume Vidal, co-founder of French technology startup Walnut Algorithms at the

  5. AI-based hedge fund brings machine learning investing to masses[more]

    Komfie Manalo, Opalesque Asia: Machine learning-based hedge fund firm Greyfeather Capital is trying to bring artificial intelligence investing to the masses with its plan to expand beyond the limited reach of the alternative investments space. "We're excited to bring AI technology to traditio