Sun, Dec 4, 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 35

Saturday, September 03, 2011

There were two launches reported last week: Touchstone Investments launched the Touchstone Merger Arbitrage Fund (merger arbitrage), and KeySquare Group announced it has launched its maiden fund, KeySquare Global Fund (global macro).

There was one fund closure as Tennenbaum Capital Partners said it has closed its Tennenbaum Opportunities Fund VI, LLC.

Hedge fund industry performance in August was the worst it has been since October 2008, as market turmoil brought big losses. European absolute return and multi asset flexible fund managers find they are being put to harsh questions by investors, especially in times of turmoil. Just as performance in August stumbled, AR Magazine released a new survey that showed investors put more value on performance than on any other factor.

The Swiss alternative investment company ALTIN AG is down -0.57% YTD (as of July 28th, 2011). Foreign-exchange hedge funds continued their dismal performance in July. Lansdowne Partners Ltd., and Odey European Inc., are in the midst of one of their toughest years managing money. John Paulson’s Advantage fund lost -12.8% in August (-25.8% YTD). And hedge fund 'clones' exchange-traded funds are outperforming the real thing.

The Opalesque A SQUARE Index was up +1.15% in July, (-0.4% YTD); the Parker FX Index down -0.03% in July, top performer up +8.80%; and the Morningstar Index has ditched the absolute return category from its sector classifications.

Hedge fund investors listed the top 10 agricultural companies they love to invest in. The industry is also bullish on TEVA Pharmaceutical. Hedge fund managers are allocating in retail stocks despite a decline in consumer spending. Marathon Oil remains the most favorite hedge fund energy stock in the second quarter. Temasek Holdings Pte. Ltd. and its subsidiary Seatown Holdings bought Bank Of America's China Construction Bank Corp. stake. And, Red Oak Partners signed a deal......................

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 - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released