Tue, Apr 28, 2015
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner