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

Arbalet, CBRE, Kingsmead, RiverCrest, Credit Suisse to launch while Octopus, Clairvoyance, Pangu, Iridian, Arrowhawk are closing - hedge fund news, week 1

Saturday, January 07, 2012

2012 was greeted with new launches as Arrowhawk Capital Partners’ Jennifer Fan announced she would start the Arbalet Capital LLC on April 1 with at least $500m; CBRE Clarion Securities announced the launch of the CBRE Clarion Long/Short Fund; former FrontPoint portfolio manager John Foo is to launch an Asia-focused hedge fund (Kingsmead Asian Alpha Opportunities Fund) that will start trading with about $50m on March 1 in Singapore; boutique fund manager RiverCrest Capital launched the European Equity Alpha Fund; and former head of securitized products at Credit Suisse Group Albert Sohn is reported to be planning to launch a hedge fund this year within the bank’s asset management unit.

But there were also reports of fund closures as Octopus Investments said it shut down its £1.6m Absolute European fund due to a lack of demand from investors; some Asia-focused hedge funds, including Clairvoyance and Pangu have joined the list of hedge funds closing this year; Iridian Opportunity Fund is set to liquidate after poor performance and shrinking assets; and Arrowhawk Capital Partners will unwind its portfolios, including the $100m investments from the Kentucky Retirement Systems.

MSCI released its 2011 performance of MSCI Indices which showed a significant slowdown in global equity markets; The Credit Suisse Liquid Alternative Beta Index was up +0.92% in December (-0.06% in 2011); The UCITS Alternative Index Global was up +0.35% (-3.45% in 2011); And the Bloomberg Aggregate Hedge Fund Index dropped -0.9% (-4.9% in 2011).

Fund managers have also started to release their year-end performance; apparently HSBC’s hedge fund report #53 provides a list of hedge fund winners and losers in 2011; Steven Carhart, portfolio manager at Trust & Fiduciary Management Securities, said that hedge funds surrogate have been returning between 7% and 9% profits; Janchor Partners Pan Asian Fund, the fund run by the former Asia head of the Chi......................

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