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Alternative Market Briefing Weekly

Man acquires FRM, funds hedge on fears of euro collapse: hedge fund news, week 21

Saturday, May 26, 2012

In the week-ending 25 May, 2012, it was reported that two managing directors had left Société Générale to launch a new commodity hedge fund house in Paris called Belaco Capital; a team led by former Diamondback fixed income group will launch a credit hedge fund next month under Aesir Capital Management; former partner of John Paulson Robert Lacoursiere said he would launch a new equity hedge fund called Petrarca Capital; Altegris Advisors launched a new long/short equity hedge fund; Swank Capital launched its hedge fund offering to outside investors and is considering rolling out a second; and Cazenove Capital Management launched a multi-manager diversity balanced fund of funds.

The Barclay Hedge Fund Index was down -0.44% in April (+5.05% YTD : The Emanagers Total Index was down 0.38% (+3.05% YTD); The Dow Jones Credit Suisse Hedge Fund Index finished down -0.04% (+4% YTD); The Barclay CTA Index was down -0.10% (-0.62% YTD); The Morningstar MSCI Composite AW index was up 0.2% (3.3% YTD): And all EDHEC hedge fund strategies were negative in April except for short selling.

Morningstar said hedge funds on its database had leak $655m of assets in March; GlobeOp Forward Redemption Indicator measured 3.31% in May, up from 2.00% in April. HBK Capital Management closed its flagship multi-strategy hedge fund to new investors after seeing almost half a billion dollars of fresh inflows in Q1; the Cascabel Managem......................

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