Mon, Mar 2, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Hedge fund launches at highest since last quarter of 2007 – news of week 25

Saturday, June 23, 2012

In the week-ending 22 June 2012, Hedge Fund Research revealed that hedge fund launches totaled 304 in the first quarter, narrowly eclipsing the 298 launches in 1Q11 for the highest quarterly total since 4Q07; Citigroup’s former head of proprietary trading Sutesh Sharma said he would launch the $500m Portman Square Capital this autumn; former Winton Capital duo Bruce MacDonald and Dr. Patrick McSharry announced the launch of Rudolf Wolff Global Portfolio (long/short) hedge fund; JPMorgan Chase & Co.’s Deepak Gulati held talks with investors for a possible hedge fund launch; Swiss bank UBS and HFR launched four UCITS-compliant hedge fund ETFs; William Michaelcheck’s $4.7bn Mariner Investment Group is starting a pool to invest in new hedge funds; Tony D’Andraia and Justin Meadlin teamed up to launch their maiden hedge fund, the Hyaline Capital Opportunity Fund; and Brevan Howard is seeking capital for a new pool that buys securities tied to mortgages and other debt.

The RBC Hedge 250 Index was down -1% (est.) in May (+2.34% YTD); The Barclay Hedge Fund Index dropped -2.98% (+1.77% YTD); The Barclay CTA Index gained +2.64% (+1.33% YTD); The Dow Jones Credit Suisse Hedge Fund Index finished the month down -1.33% (+2.61% YTD); The Lyxor Hedge Fund index went down -0.55% (+0.96% YTD); The Morningstar MSCI Composite Hedge Fund Index was down -0.5% (est.), (+2.7% YTD); The GlobeOp Hedge Fund Performance Index was up 0.43% (+4.15% YTD); The Emanagers Total Index lost -0.74% (+1.69% YTD); The EDHEC CTA Global Index went up +2.90% (+2.2% YTD) as most indices failed to escape market turmoil in May; And the Scotiabank Canadian Hedge Fund Index ended May -0.41% (-7.03% YTD) on asset weighted basis. The HFRX Global Hedge Fund Index posted a decline of -0.54% in mid-June (~ +1.25% YTD).

Chenavari Invest......................

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. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie