Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
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

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1