Mon, Aug 21, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Riley Paterson, Sabretooth, Voras to shut down, Goldman pulls out $250m: hedge fund news, week 19

Saturday, May 12, 2012

In the week-ending 11 May, 2012, it was reported that D.E. Shaw had launched the Alkali Fund to invest in European bank loans and mortgages; Centaurus trader Bill Perkins was reported to be planning to launch his own hedge fund after John Arnold announced the fund’s closure; Larch Lane Advisors launched a fund of funds that will invest in the “founders shares” of early stage hedge fund managers; former Deutsche Securities banker Ryo Ishiyama said he would start a CTA hedge fund in July; Credit Suisse A.M. launched an alternatives fund that will deliver the returns of the Dow Jones Credit Suisse Hedge Fund Index; and Cheyne Capital announced the launch of two UCITS IV compliant hedge funds. Also, the China International Capital Corporation teamed up with Sloane Robinson to launch the Greater China long/short equity fund.

There were several fund closures. Riley Paterson Investment Management Pte is to shut its only hedge fund because assets are expected to decline to a 10th of its peak; macro fund Sabretooth Capital Management, that was seeded by Julian Robertson's Tiger Management in 2009, will also shut down following losses and disagreements between co-founders Erez Kalir and Craig Perr; former Morgan Stanley co-president Zoe Cruz announced she would liquidate Voras Capital after losing 8% last year; and Fortress Investment Group said it would close its commodities fund in May after losing almost 13% in the past four months.

The HFRI Fund Weighted Composite Index declined -0.36% in April (+4.42% YTD); The Bloomberg Aggregate Hedge Fund Index fell -1% (+3.4% YTD); The Eurekahedge Hedge Fund Index was down -0.17% (est.) (3.68% YTD); The Hennessee Hedge Fund Index showed a -0.38% decline (+4.02% YTD); The UCITS Alternative Index Global was down -0.47% (1.27% YTD); The UCITS HFS Index continued its downward trend with -0.36% (+1.83% YTD); and GlobeOp launched an independent asset-weighted Hedge Fund Performance Inde......................

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. Opalesque Exclusive: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. Comment: "Long-Term Investing": What managing drawdown risk can do to your long-term returns[more]

    Matthias Knab, Opalesque: Real Investment Advice writes on Harvest Exchange: Last week, I was having lunch with a prospective portfolio management client discussing the curre

  3. Jasper Capital International joins Hedge Fund Standards Board[more]

    Komfie Manalo, Opalesque Asia: Diversified and systematic investment firm Jasper Capital International has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund i

  4. Investing - Hedge-fund honchos including David Tepper are loading up on Alibaba, Billionaire hedge fund manager Stanley Druckenmiller is betting big on the Chinese consumer, Big-name U.S. hedge funds shed healthcare stocks during the rally in second-quarter, U.S. hedge funds bearish on FAANG stocks in second-quarter, Hedge fund titan Viking Global made a $680 million bet on scandal-plagued Wells Fargo[more]

    Hedge-fund honchos including David Tepper are loading up on Alibaba From CNBC.com: David Tepper's Appaloosa Management and three other he ge funds took new stakes in Chinese e-commerce giant Alibaba in the second quarter, according to the latest quarterly filings. Appaloosa disclos

  5. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq