Fri, Apr 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

JPMorgan’s $2tln fiasco makes regulators want to toughen up Volcker Rule: hedge fund news, week 24

Saturday, June 16, 2012

In the week-ending 15 June 2012, it was reported that Toronto-based Aurion Capital Management had launched its first two hedge funds as the firm dipped its toes into alternative investments; Victor Khosla’s Strategic Value Partners raised close to $270m for the launch of its latest Euro fund, the Strategic Value European Opportunities Offshore Fund II; Goldman Sachs veteran Tigrane Kibarian and former Credit Suisse executive Patrick Moerth paired to launch their new hedge fund on July 1; former Citadel and Highbridge manager Toby Bartlett announced plans to launch a North Asia-focused hedge fund next month; former Citigroup portfolio manager Yang Yeo and Janice Dunnett are preparing to launch a hedge fund in Q3-2012; two former Och-Ziff Capital managers Manoj Jain and Sohit Khurana will start their own hedge fund in Hong Kong by the end of the year; and Lawrence “Greg” Whalley said he would launch a new hedge fund called Copperwood with personnel from Centaurus Energy.

Paul Sinclair said he would shut down his Expo Capital Management health-care hedge fund and liquidate the assets to investors.

The Hennessee Hedge Fund Index was down -1.98% in May (+2.15% YTD); The Eurekahedge Hedge Fund Index lost -1.24% (+2.23% YTD); The Newedge CTA Index was up 2.97% in (+2.48% YTD); and the UCITS HFS Index experienced its third monthly loss in a row with -0.70%.

Alan Howard’s BH Macro fund slipped into the red and lost 1.78% in May; Capula Investment’s bet against the health of Spanish banks apparently failed to deliver its promised results; industry experts questioned the double-digit returns of former hedge fund boss Herman Pretorius and his company, Abante; and David Tepper recorded 82% gains in Q1 betting on airline stocks.

A survey by Citi Prime suggested that hedge funds ass......................

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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Performance - Blackstone profits plunge 77% as performance fees dive, Hedge fund stars' fortunes hostage to market swings, Hedge fund manager goes from billionaire to millionaire in profits plunge, Hedge funds biggest losers in SunEdison's 'magic money machine'[more]

    Blackstone profits plunge 77% as performance fees dive From FT.com: Blackstone, the world’s biggest manager of alternative investments from private equity to real estate, suffered from sharply lower performance fees amid turbulent markets in the first three months of the year, even as it

  3. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  4. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  5. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the