Fri, Apr 28, 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: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  3. Investing - How Chipotle's comeback attracted big data robots and value investors alike[more]

    From Forbes.com: When William Ackman's ailing hedge fund Pershing Square Capital Management bet $1 billion on shares in Chipotle Mexican Grill beginning in July 2016, the stakes couldn't have been higher. Pershing Square was reeling from what would eventually be a near $4 billion loss in drugmaker V

  4. Service Providers - Colemore launches fee tracking service for limited partners[more]

    Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort. There is a glob

  5. Regulatory - 'Fist bumps' at hedge funds over Trump's tax plan[more]

    From Reuters.com: U.S. hedge fund managers began warming to President Donald Trump soon after his surprise election ignited a powerful stock market rally. Now, his dramatic tax cut plans give them even more reasons to cheer. Trump, looking to make good on pledges for sweeping tax reform, on Wednesda