Fri, Nov 28, 2014
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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  3. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  4. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  5. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took