Sat, Jul 4, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Hedge funds suffer from outflows but remain attractive for Japanese institutions: hedge fund news, week 43

Saturday, November 03, 2012

In the week-ending November 2, 2012, Peter Bakker, former high yield portfolio manager at Lazard and SGS, and Frits Lieuw-kie-song, former high yield portfolio manager at LKS and SGS, re-united to establish a liquid credit strategy at Channel Capital Advisors LLP; former Cofunds boss Brett Williams launched a new alternative investments business, Old Burlington Investments and will initially create two EIS-focused funds; Maverick Capital launched a new fund that places concentrated bets on the firm's best stock trades, called Maverick Select; TT International launched a global macro UCITS-compliant hedge fund on the Deutsche Bank Platinum platform; and Stratton Street started a UCITS version of its Renminbi Bond fund ahead of what it believes will be a massive appreciation in the value of the Chinese currency.

Grant Capital Partners, the hedge fund manager set up by Geoff Grant, the former Goldman Sachs trading star behind Peloton Partners is shutting down as Grant said he did not have an “edge” in the current markets; Pierre Henri-Flamand, a former head of proprietary trading at Goldman Sachs, is to shut his hedge fund Edoma Partners just two years after launch, citing "unprecedented market conditions"; Coupland Cardiff, the UK-based hedge fund manager, closed its CC Asia Advantage Fund, following a redemption from its sole investor (the event-driven strategy returned -5.98% in 2011 and -3.6% YTD to August).

Coupland is not the only fund suffering from asset outflows: a number of investors are reportedly opting out of Paulson’s funds; Mark Yusko's Endowment Fund had to limit investors’ withdrawals after weak returns; Salient Partners LP said it was halting withdrawals from its $3.8bn Endowment Fund; and fund manager Henderson suffered £1.1bn net outflows in Q3 as retail money left ahead of a regulatory shakeup and institutional clients turned away from Europe and hedge fund investments.

The eurozone hedge f......................

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: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner