Wed, Jan 18, 2017
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 51

Friday, December 23, 2011

Philippe Gougenheim, Managing Director at Unigestion in Switzerland left the company to launch his own global macro hedge fund in the next few months; in an interview with Opalesque, Systemic Alpha Management explained the approach of its first multi-strategy CTA fund to be launched next month; Swiss banking Group SYZ launched the fund OYSTER Multi-Manager Tail & Trading, a new sub-fund of its Luxembourg Part II SICAV 3A Alternative Funds; Forefront Dynamic Strategies Group has started a new hedge fund with $750,000; Castilium Capital is preparing to launch a systematic long/short equity strategy in February; FrontPoint Partners' Stephen Czech announced his departure from the firm's remaining hedge fund business, to launch his own venture, Czech Asset Management LP next month; and South Korea's financial regulator approved of the country's first 12 homegrown hedge funds.

On Friday, Spain's BBVA announced the closure of BBVA Codespa Microfinanzas, the country's first hedge fund, launched in 2006.

The Lyster Watson Credit Fixed Income Index was up 0.10% in November (+2.57% YTD); Managed futures held ground as the Barclay CTA Index returned 0.11% (-3.09%); The Scotia Capital Canadian Hedge Fund Index finished the month up 0.27% (-2.09% YTD); Among all EDHEC hedge fund strategy indices, Short Selling was the best performer with +1.32%; The Dow Jones Credit Suisse Hedge Fund Index lost 0.79% (-2.31% YTD); The Parker FX Index was down 0.03% (-3.10% YTD); and the Morningstar MSCI Composite Hedge Fund Index slid 0.1% (-2.9% YTD). The HFRX Global Hedge Fund Index declined by 0.59% in the first half of December (around -9% YTD).

GlobeOp’s Forward Redemption Indica......................

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. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  2. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  3. Short Selling - Long-short hedge funds are ditching the shorts to focus on longs[more]

    From Bloomberg.com: What happens when you take the "short" out of a long-short trading strategy? Some hedge funds are about to find out. Equity long-short fund managers, the biggest category in hedge funds, hold the fewest bearish stock bets on record, data compiled by Credit Suisse Group AG s

  4. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  5. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee