Fri, Aug 1, 2014
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. Opalesque Exclusive: Kyria Capital Management bets on women hedge fund managers[more]

    Bailey McCann, Opalesque New York: As hedge fund assets top $3 trillion, and long/short strategies get more crowded than ever, with every manager hunting for even the tiniest bit of alpha, a new firm has emerged that claims its own edge – women. A recent Rothstein Kass study showed women-owned a

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  4. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  5. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by