Sat, Apr 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 50

Saturday, December 17, 2011

According to Hedge Fund Research, the number of hedge fund launches declined while the number of liquidations rose in the volatile Q3 11; Barclays Wealth raised $10.1m to launch a new global bond hedge fund; Jeffrey Tannenbaum's Fir Tree Partners launched the $96m Fir Tree Special Opportunities Fund II; Morgan Stanley partnered with Claritas Investimentos to launch the MS Claritas Long/Short Market Neutral UCITS Fund; Monsoon Capital said it would roll out a Cayman-Domiciled offshore version of its UCITS hedge fund in January; and Financial Risk Management (FRM) and Itajubá International have launched the first Brazilian mutual fund that will invest in offshore hedge funds.

Goldman Sachs Group said it would seed Todd Edgar with between $150m and $200m for his new hedge fund.

Singapore-based RSR Capital is closing its fund and will return the money of external investors as the firm plans to change the fund's strategy for a possible re-launch next year; James Caird Asset Management, which is run by Tim Leslie, will liquidate its $1.6bn credit hedge fund after eight years following losses this year; Henry Swieca will return part of the money to outside investors in his $500m hedge fund Talpion Fund Management and manage only his own and family assets; and Boyer Allan Investment Management will shut down two of its hedge funds after losses and a fall in assets this year.

The GlobeOp Capital Movement Index predicted that the industry is set to end 2011 with higher cumulative net subscription than at any time since the collapse of Lehman Brothers; Constellation Hedge Partners LP has gained $113.5m over the past year as its assets grew to $297.9m; and BarclayHedge and TrimTabs Investment Research reported that hedge fund redemptions totaled $9bn in October, more than triple September's $2.59bn outflow.

Integrated Asset Management posted negative performance in Q3 11 with an estimated $586,000 in losses or two......................

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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner