Sat, May 26, 2018
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. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  2. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  3. Third Point to raise $400 million for SPAC, Farley to run it[more]

    From Reuters.com: Daniel Loeb's hedge fund Third Point LLC plans to raise $400 million for a "blank check" company which will be run by outgoing stock market operator NYSE Group President Thomas Farley, according to a regulatory filing made on Tuesday. The new company, referred to on Wall Stre

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven