Tue, Feb 21, 2017
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. With $54bn in assets, Philippines is ready for hedge funds, alternative investment products[more]

    Komfie Manalo, Opalesque Asia: With the country's outstanding fund management industry at $54bn and growing, the Philippine market and its investors are ready to invest in "more sophisticated" asset management products, like hedge funds and alternative investments, said Deanno J. Basas, presi

  2. SoftBank to buy Fortress Investment for $3.3bn[more]

    From Reuters.com: Japan's SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world's largest private equity fund. The all-cash deal is SoftBank's first major investmen

  3. ...And Finally - Truth in advertising[more]

    From Newsoftheweird.com: Girl Scout Charlotte McCourt, 11, of South Orange, New Jersey, saw her sales zoom recently when she posted "brutally honest" reviews of the Scouts' cookies she was selling -- giving none of them a "10" and labeling some with dour descriptions. She was hoping to sell

  4. Europe - Brexit - Updated legal guide, Euro exchange rates set to tumble as hedge fund's super computer predicts Marine Le Pen will be next French president, Swiss fund market hits all-time high[more]

    Brexit - Updated legal guide From Herbertsmithfreehills.com: When we began analysing in depth the possibility of Britain exiting the EU (Brexit), 18 months prior to the June 2016 referendum, the business consensus was very much that Brexit was a remote prospect that either would never hap

  5. People - Gramercy appoints Bradshaw McKee as managing director of Capital Solutions, Trump taps Cerberus's Feinberg to lead intelligence review[more]

    Gramercy appoints Bradshaw McKee as managing director of Capital Solutions Gramercy Funds Management LLC, a $5.8 billion dedicated emerging markets investment manager, today announced the appointment of Bradshaw McKee to the position of Managing Director, Capital Solutions and Distressed