Thu, Feb 23, 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. People - Kuwait wealth fund head Al Saad said to step down after 14 years[more]

    From Bloomberg.com: Kuwait Investment Authority is set to name Farouk Bastaki as managing director, replacing Bader Al Saad who ran the world's fifth-largest sovereign wealth fund for 14 years, a person familiar with the matter said. The KIA, as the fund is known, is finalizing the appointment, said

  2. Latin America, high yields and Asia Pacific strategies dominate hedge fund returns in January[more]

    Komfie Manalo, Opalesque Asia: Latin America (+7.04%), high yield (5.63%), and Asia-Pacific (+5.06%) strategies dominated hedge fund performance in January, data provider Hennesee Fund Research said. The bottom three strategies for the mont

  3. Investing - Hedge funds loading up on this dividend stock, The biggest hedge funds have been piling into bank stocks[more]

    Hedge funds loading up on this dividend stock From Incomeinvestors.com: Hedge funds are backing up the truck on Cameco Corp stock. Billionaire Jim Simons owns 389,000 shares. Other Wall Street titans - including Ray Dalio, Ken Griffin, and Chuck Royce - have been quietly building positio

  4. Legal - Fannie, Freddie shares dive after U.S. appeals court ruling[more]

    From Reuters.com: Shares of Fannie Mae and Freddie Mac tumbled more than 30 percent on Tuesday after a U.S. appeals court shut down efforts by hedge funds and other investors to pursue numerous legal claims accusing the U.S. government of seizing their profits following taxpayer bailouts. By a

  5. Institutional investors plan to raise allocations to alternative assets in 2017[more]

    Komfie Manalo, Opalesque Asia: A survey by Context Summits Miami showed that nearly 72% of institutional investors and family offices plan to raise their allocations to alternative asset managers this year, suggesting continued strong demand for the industry. "As many large, brand name f