Fri, Nov 27, 2015
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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November