Wed, May 4, 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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n