Wed, Jan 18, 2017
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. Southpoint Capital gains 3.8% in Q3, bringing year-to-date returns to 5.2%[more]

    From Valuewalk.com: Southpoint Capital Advisors, the $3 billion New York hedge fund founded by former employees of David Einhorn’s Greenlight Capital, added 3.8% net during the third quarter of 2016, bringing year-to-date returns to 5.2% and cumulative returns since inception (July 2004) of 237.4% a

  2. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  3. Short Selling - Long-short hedge funds are ditching the shorts to focus on longs[more]

    From Bloomberg.com: What happens when you take the "short" out of a long-short trading strategy? Some hedge funds are about to find out. Equity long-short fund managers, the biggest category in hedge funds, hold the fewest bearish stock bets on record, data compiled by Credit Suisse Group AG s

  4. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  5. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee