Fri, Sep 22, 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 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. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  2. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  3. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  4. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N

  5. ...And Finally - FAN-antic[more]

    From Newsoftheweird.com: Jeffrey Riegel, 56, of Port Republic, New Jersey, left 'em laughing with his obituary's parting shot at the Philadelphia Eagles. In it, Riegel asked that eight Eagles players act as pallbearers, "so the Eagles can let me down one last time." Riegel owned season tickets for 3