Fri, Sep 19, 2014
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 39

Saturday, October 01, 2011

Sparx Group, Asia’s second- largest hedge fund, is launching a fund that will invest in building hotels in Japan’s earthquake-devastated areas; Universa Investments is seeking $1bn for a new macro fund that will capitalize on mispriced options; GAM launched an Asia-focused Ucits fund; and Lyxor A.M. and Old Mutual launched their first single hedge fund manager on Lyxo’rs UCITS platform.

Absolute return UCITS funds’ assets reached $116bn, with 58 new funds in H1; Aberdeen Asset Management’s asset base slipped 4.8% in the last two months; Man Group’s FuM fell by around 8.45% (to $65bn) in Q2 but its overall hedge fund performance was positive; and following news of Man’s loss of assets, some put forward that the hedge fund industry may face a new round of redemptions (maybe 5% by the end of 2001) after two months of poor performance and growing investor desire for safe cash.

Among the hedge fund news, we heard that Emirates NBD Asset Management had tied up with Man Group to manage money of its Islamic alternative assets fund; also, High River, an affiliate of Icahn Enterprises, withdrew its slate of nominees for The Clorox Company board of directors; rival hedge funds, brokers and others are combing through Paulson & Co.'s investments, trying to anticipate what Mr. Paulson might sell if he needs to return cash to investors; although at the same time, brokerage giant Morgan Stanley is helping some of its wealthy clients put money with Paulson; the F&F Systematic Trading Fund, a managed futures fund, launched an “accelerator capital” share class with reduced fees of 1% and 10%; and Pan Reliance was appointed investment manager of the Turnstone European FoHFs.

It was noted among trends that hedge fund leverage, as measured by margin debt on the New York Stock Exchange, had declined in August by the most in a single month since Novembe......................

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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  4. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali

  5. Short Selling - Notorious U.S. short-seller targets Alibaba[more]

    From Wantchinatimes.com: A notorious American short-seller appears to have "targeted" Chinese internet giant Alibaba on the eve of its historic public listing on the New York Stock Exchange, reports Chinese web portal Hexun. Alibaba's highly-anticipated listing on Friday could potentially be the big