Fri, Feb 12, 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 37

Saturday, September 17, 2011

Hedge fund launches outpaced liquidations in the second quarter of 2001 with 280 launches versus 191 liquidations, according to data provider Hedge Fund Research. Russian banker Alexander Pylev set up a hedge fund firm called Advantage Asset Management; RWC Partners are planning a new macro hedge fund; Icahn’s top health-care investing deputy Alex Denner may leave to start his own hedge fund; former U.S. Navy SEAL Mark Beder formed Maerisland Capital and the Maerisland-Trident Fund (long/short equity); Aquila Capital started a UCITS-compliant CTA fund with Dr. Harry Kat as new Head of Research; and Regal Funds Management Pty is targeting Australia’s mining boom with the launch of a new resources fund.

Several closures were reported; TT International will wind down its Asian Opportunities hedge fund as managers are leaving the firm; and Goldman Sachs Group is shutting down its Global Alpha fund after YTD losses totaled -12%.

Hedge funds lost an estimated $45.32bn in assets last month but allocations still outpaced redemption, according to data provider HFN. Gross outflows from hedge funds, as measured by the GlobeOp Capital Movement Index, were 0.57%, the lowest since GlobeOp first started to keep records in January 2006. Blackstone Group and UGS increased their hedge funds assets with an additional $21bn in the first half of 2011; Gotex’ assets jumped to $8.9bn (up 22%) in the same period.

The World Bank is investing in a hedge fund to help banks reduce the capital the new rules will force them to set aside, said the FT; meanwhile AQR Capital secured more than $150m in new institutional mandates; and funds of funds have seen slight net inflows of money this year with the help of pension funds like Kentucky Retirement Systems, reported WSJ.

The weak hedge fund performance will result to lower manager fees in the second ha......................

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 - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  2. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise

  3. Investing - Some hedge funds want to make subprime auto loans next big short, 11 hedge funds that are “all in” on the FANG stocks, Hedge funds short London luxury homes, Cynet raises $7 million from U.S. hedge fund[more]

    Some hedge funds want to make subprime auto loans next big short From Bloomberg.com: A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Good luck finding a bank willing to do the trade. Money manage

  4. Investing - Hedge funds see selloff in European bank stocks as buying opportunity[more]

    From WSJ.com: The massive selloff in European bank stocks and bonds is overdone and presents a “phenomenal” buying opportunity, according to some of Europe’s top hedge-fund managers. Despite a 28% slump in European bank stocks this year, including a 38% fall in Deutsche Bank AG and a 34% drop in Soc

  5. Legal - Carlyle accused of fraud by ex-employee, Hedge funds win CDS breach of contract suit against Deutsche Bank, Hedge fund asks for OK on $27.5m Goldman CDO deal, SFO examines Barclays hedge fund profits[more]

    Carlyle accused of fraud by ex-employee From AI-CIO.com: A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments. Carlyle Group has been sued by a former portfolio manager for one of its hedge funds, who accused the firm of “knowi