Tue, May 31, 2016
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 42

Saturday, October 22, 2011

On the fund launches front, Crispin Odey launched the Odey Odyssey global macro hedge fund for Tim Bond; Steve Eisman teamed up with Ed Cabral and Mark Weiner to launch Emrys Parners (long/short) in January; Sanjay Puri and Philip Chen are preparing for the launch of their first hedge fund, Sankofa Capital (small- and mid-cap tech, media and telecom); Neptune Investment Management will launch the Neptune Global Long/Short Sector Fund (long/short UCITS) on November 1st; Aspen Partners launched the Aspen Managed Futures Strategy Fund; and Fortress Investment Group is planning to launch its second hedge fund in Asia next year.

Singapore-based hedge fund Komodo Capital Management is liquidating its flagship global macro fund KC Asia; its founder told Reuters the fund had returned money to investors and was moving operations to Australia for "personal reasons".

Data tracker Hedge Fund Research said that the industry’s assets fell to $1.97tln as the sector posted its worst performance quarter in history (the HFRI Fund Weighted Composite Index declined by 6.2% in Q3, wiping out a small H1 gain and bringing YTD performance to -5.4%); and GlobeOp Financial Services said that forward hedge fund redemptions continue to be low on a historic basis (its Redemption Indicator for October measured 2.51%, down from 3.11% in September).

The past two months have been among the worst on record for the global hedge fund industry with average returns down 5.73%, declared Financial News; but LD Capital’s equity hedge fund Marlon Fund 1 reported a +15.30% returns since its inception a year ago despite the volatile market conditions; Global Sigma Group’s fund ended September up 3.89% (+14.50% YTD) after anticipating s......................

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. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit

  2. Investing - Billionaire Wilbur Ross likes the look of Chinese bad loans, Hedge funds are still relevant in a diversified portfolio: 4 fundamental criteria for superior manager selection[more]

    Billionaire Wilbur Ross likes the look of Chinese bad loans From Bloomberg.com: U.S. billionaire Wilbur Ross said he’s considering investing in nonperforming loans in China, as Moody’s Investors Service said that the nation has the tools to prevent a financial crisis in the near term. I’

  3. Investing - Blackstone gives pricey Canadian energy and property thumbs down, One of the most concentrated hedge fund bets is getting crushed, Facebook is hedge funds' new tech darling,[more]

    Blackstone gives pricey Canadian energy and property thumbs down From Bloomberg.com: Canada’s energy assets are uneconomic and real-estate markets overvalued, making them less attractive for investment than in the U.S. and elsewhere, according to Tony James, president of Blackstone Group

  4. Study - Only 30% of institutional hedge fund portfolios beat the benchmark[more]

    Bailey McCann, Opalesque New York: A new study from CEM Benchmarking, an independent provider of cost and performance analysis for pension funds, shows that only 30 percent of institutional investors hedge fund portfolios beat the benchmark after fees. The study provides in depth analysis of real

  5. Investing - Scientist turned hedge fund founder cuts profitable Aussie short, Pelargos joins hedge funds’ bet on turnaround at Honda, Managers set to cash in on infrastructure debt upswing[more]

    Scientist turned hedge fund founder cuts profitable Aussie short From Bloomberg.com: AE Capital, a hedge fund run by a former atmospheric scientist, trimmed bets against the Australian dollar as it gauges shifts in the world’s two biggest economies. The Australian, Canadian and New Zeala