Wed, Oct 26, 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 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.


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. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa