Thu, Apr 26, 2018
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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its