Thu, Apr 26, 2018
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 41

Saturday, October 15, 2011

Man Group launched a new fund of long/short equity hedge funds called Man Long Short Fund.

Several fund closures were reported: Longacre Fund Management is to wind down after investors pulled out their cash; Global Trading Strategies is shutting down its hedge fund and is returning money to investors after a year of negative returns; and T&D Asset Management is closing its Japan-focused hedge fund because of higher-than-expected trading costs.

BarclayHedge and TrimTabs Investment Research reported that the hedge funds industry pulled in $6.1bn in fresh assets last August; a study by Investment Management Consultants Association showed that the top 20 financial institutions control the majority of high net worth assets, making it difficult for financial advisors to compete; and BNP Paribas’ fund management subsidiary THEAM plans to increase its allocations in Asia-focused hedge funds to Eur200m ($268m) over the next year.

Hedge fund performance suffered their worst three months since the peak of the 2008 financial crisis, according to Hedge Fund Research; John Paulson, who lost more money in September with his main fund declining 47%, told investors to brace for the worst; luckily for Paulson, New Mexico’s state pension Public Employees Retirement Association announced it would stick with him – for now; Hugh Hendry emerged as winner amid the European debt turmoil as his Eclectica Absolute Macro fund returned 4.76% in August and September; another winner was RK Investment Advisors which jumped 142% in Q3; Man Group's flagship fund AHL lost 5.5% last week due to rallying equity markets and a sell-off in bonds; Clive Capital’s $4bn commodity hedge fund returned 11.4% last month; Ashmore Group slumped more than 10% in Q3 because of the market sell-off; and Lakshmi Capital reported a 12.15%......................

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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its