Wed, Jul 30, 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. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass