Wed, Aug 27, 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 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. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  3. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  4. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius