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By Benedicte Gravrand, Opalesque London: A roundup of last week’s hedge fund launches, closures, index performance, trends, regulatory, legal and financial events pertaining to the alternative investments world.

Last week, we heard of fund launches from Morgan Dale (E.M.); Robeco (market neutral UCITS); Talon Eight (managed futures); Odey (UK-focused); Laidlaw (ETFs); Barclays (replication products); Marathon (opaque bank assets); Frontera (global macro); AK Partners (Korean L/S); Resurgam (global macro); and Newedge (absolute return indices).

And we heard of fund closures from New Star, Endeavour Capital, and Pamplona. Eurekahedge reported that net redemptions of the global HF industry amounted to $30bln (est.) in January, and that there had been 380 fund launches and more than 500 fund closures through 2008 to now.

BarclayHedge said that hedge funds had lost $115.5m in assets in December and that the industry had shrunk to $1.1tln in 2008; TABB Group reported that $9.3bln had been drained from quant funds in Q3 2008; HFR found that Asian hedge fund assets had fallen to $71bln in 2008; HedgeFund.net reported that hedge fund assets had fallen by an additional 5.8% in January to $1.748tln; and AXA predicted that the European FoHFs industry might shrink to a quarter of its size.

The HFRI Fund Weighted Composite Index was up 0.39% so far in January; The Nordic Hedge Fund Index NHX dropped 0.05%; The Hennessee hedge fund index jumped 1.10%; Credit Suisse/Tremont Hedge Fund Index’s early estimates showed +0.80%; The Dubai Shariah hedge fund index went up 1.53%; Australian Fund Monitors index`s average return was 0.65% (est.); Two out of three Dow Jones hedge fund strategies posted positive returns; The Barclay Hedge Fund Index was down 0.26%, the FoHFs Index up 0.96%; And ......................

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