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Alternative Market Briefing Weekly

Hedge fund assets down to $1.73tln on back of poor performance as managers buy dollars and short euros - and other hedge fund news, Week 52

Monday, January 02, 2012

Not surprisingly, there were few announcements of launches during the last week of the year. Eagle's View Capital Partners is planning to launch an offshore fund of funds on February 1; Peter Swartz, a former Galleon portfolio manager, is starting a new technology hedge fund for Fortress Investment Group; Stephen Diggle is to transfer his farm assets from his family office to Singapore-based Vulpes Investment Management and start a fund that will trade life-sciences companies; and AQR Capital is to launch three new hedge funds.

The hedge fund industry’s assets shrank by nearly $10bn last month to $1.73tln on the back of losses and withdrawals, said hedge fund tracker Eurekahedge. Research conducted by Lipper Research shows that fund investors took fright over the closing months of 2011, becoming net purchasers of fund assets for November but still investing $53.3bn into the conventional funds business.

The Emanagers Total Index went down 0.44% (est.) in November, -1.52% YTD; The ......................

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