Fri, Jul 25, 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 43

Saturday, October 29, 2011

Three former Brevan Howard senior traders are to launch a $100m natural resources hedge fund; Future Capital Partners launched the Elara II fund (green energy); Eaton Vance launched an Australian-domiciled bank loan fund; alumni from Blue Ridge and Eaton Park will launch Falcon Edge Capital (opportunistic global long/short equity) in Q1 2012, which is believed to be one of the largest launches in 2012; Axa Investment Managers is to launch its first hedge fund strategy to focus on tail-risk funds; and as its inaugural offering, Altana Wealth launched the Sovereign Diversity hedge fund, which aims to protect against inflation and potential defaults of debtor nation.

Henderson is to liquidate its horizon global currency Ucits III fund, its global currency fund, a Ucits III hedge fund and various managed accounts.

The Altegris Managed Futures Strategy fund’s assets breached the $1bn mark; Steve Cohen is said to be trying to raise $500m for a planned new reinsurance venture; Fairholme Fund shrunk from $18bn in January to $9bn and also lost co-manager Charlie Fernandez; and investors pulled an estimated $19bn from hedge funds in Q3 according to data providers eVestment Alliance and HFN.

The Capital Canadian Hedge Fund Index finished September down 1.22% (-1.82% YTD); The Dow Jones Credit Suisse Hedge Fund Index was down 3.20% (-3.20% YTD); The Morningstar MSCI Composite Hedge Fund Index fell -2.3%; The Parker FX index gained 1.60% (-1.81% YTD); And the Blue Ink Hedge Fund Composite (single strategy hedge funds in South Africa) gained 0.91% in August.

Philip Falcone's flagship portfolio Harbinger Capital Partners Fund II reported a 17% decline in September; John Paulson’s (who is said to be facing stiff opposition from insurance giant MetLife over control of a group of luxury resorts under bankruptcy-court protection) largest fund, the Paulson Advantage returned less than 1% so far this month; and......................

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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  4. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  5. Opalesque Roundtable: European family offices struggle to retain their investments in offshore hedge funds[more]

    Komfie Manalo, Opalesque Asia: The European Union’s Alternative Investment Fund Managers Directive (AIFMD) will constrain investment opportunities amidst concern a number of U.S. fund managers will stop marketing their products in the European Union under the new rule, said Valentin Bohländer fro