Wed, Feb 10, 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 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. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  5. Opalesque Exclusive: Directors want to be considered trusted partners by new manager[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A hedge fund director provides her perspective on emerging hedge fund managers. She will happily work with those who have set themselves up for future growth, s