Mon, May 25, 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 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. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. New market regime has created more dispersion between managers[more]

    Komfie Manalo, Opalesque Asia: The month of April has marked the transition toward a new market regime, Philippe Ferreira, Lyxor AM’s head of research, managed account platform, commented in the May 5's Weekly Briefing. "The first quart

 

banner