Sun, Jul 24, 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 36

Saturday, September 10, 2011

This week, Swiss Investment Managers launched its Directors Dealings Fund. New boutique advisory firm Blackpeak Group launched in Asia to focus on private equity and hedge funds. Franklin Templeton launched Franklin Templeton Global Allocation Fund (multi-strategy) for U.S. investors. Kames Capital will launch an absolute return fund for Stephen Snowden and Colin Finlayson. And former Tudor Investment Corp.’ executives Nigel Whittaker and John Macfarlane will launch Zafferano Capital LP fund (emerging markets). Moreover, Hermes BPK announced the launch of its seeder platform with Northern Lights Capital Group.

Netherlands and London-based Aethra Asset Management shut down after failing to attract investors.

Och-Ziff lost $500m in assets compared to July to close at $29.4bn in August. Harmony Capital said it was planning to sell its assets at a steep discount. Fortigent reported that it had crossed $50bn in platform assets. Millennium Management attracted $4bn in new money so far this year.

August was a nightmare for hedge fund performance as even the largest managers, such as SAC Capital Advisors, Third Point Offshore Fund, Greenlight Capital, and T2 Partners made losses. The intervention by the Swiss National Bank hurt many hedge funds, especially those betting on global markets and driven by computer models. Christopher Peel’s BlackSquare Diversified Absolute Return lost 8%. And John Paulson’s fund lost 34% so far this year although its gold fund apparently saved him from further loses. Asian hedge funds also suffered losses in ‘gloomy’ August, although some Asian hedge fund managers outperformed their global peers

There were few exceptions though, including Renaissance Institutional Futures Fund which was up +6.6% (+9.2% YTD). The Fortress Commodities Offshore Fund rose 6%, beating BlueGold Capital and Clive Capital. BH Credit Catalysts posted +4.2%. Evolved Alpha‘s founder said that volatile markets had ......................

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: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. Opalesque Exclusive: ArbitrOption outperforms benchmarks, up 7.18% in H1[more]

    Komfie Manalo, Opalesque Asia: Independent registered advisor ArbitrOption breezed through the tumultuous Brexit referendum and outperformed its benchmarks. ArbitrOption was up 7.18% in the first half of 2016 compared to the S&P 500 which gain

  4. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  5. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New