Fri, Nov 27, 2015
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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November