Thu, Jul 2, 2015
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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  3. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  4. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

  5. Alternative investment industry could grow to $13.6tln in five years[more]

    Komfie Manalo, Opalesque Asia: Leading auditing and advisory group PwC said that the global alternative investment industry, which includes hedge funds, private equity and real assets, is set to increase to $13.6tln within the next five years. "Be

 

banner