Tue, Feb 21, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

New hedge fund launches rose in 2012: hedge fund news, Week 11

Saturday, March 16, 2013

In the week ending March 15, 2013, Hedge Fund Research reported that new hedge fund launches had risen at year end 2012, narrowly trailing total launches for 2011 as total hedge fund industry assets increased to a record of $2.25tln; former Frontpoint manager Thomas Monaco is to start an Asia-focused hedge fund; Malta-based hedge fund Exante launched the first bitcoin fund in the region; and former GLG partners Bart Turtelboom and Karim Abdel-Motaal are to initiate one of the largest European hedge funds this year.

Credit Suisse said it would close down its unit that invests in hedge funds and other investment managers in compliance with new rules.

The Hennessee Hedge Fund index reported gains of 0.23% in February (+3.01% YTD); Eurekahedge’s Hedge Fund Index was up 0.13% (2.34% YTD); The Barclay Hedge Fund Index reported that the sector profited 0.42%, and brought YTD returns at 2.92%; The SS&C GlobeOP hedge fund index gained 0.37% (+3.05% YTD); And the Barclay CTA Index was down 0.53% (+0.77% YTD).

As for performance, Chris Hansen’s Valiant Capital lost 7.44% in the fourth quarter of 2012, compared the S&P 500 stock index which fell just 1% during the period; Clareville Capital’s flagship fund, Pegasus, gained almost 16% in the first two months of 2013; UCITS hedge fund continued to underperform hedge funds, according to the latest study by Edhec Risk Institute.

According to the bi-annual Absolute Return Billion Dollar Club, some 269 American hedge fund managers are managing a combined assets of $1.46tln; a joint report by BarclayHedge and TrimTabs showed that the hedge fund industry took in $4.3bn in January 2013, compared with outflows of ......................

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. With $54bn in assets, Philippines is ready for hedge funds, alternative investment products[more]

    Komfie Manalo, Opalesque Asia: With the country's outstanding fund management industry at $54bn and growing, the Philippine market and its investors are ready to invest in "more sophisticated" asset management products, like hedge funds and alternative investments, said Deanno J. Basas, presi

  2. SoftBank to buy Fortress Investment for $3.3bn[more]

    From Reuters.com: Japan's SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world's largest private equity fund. The all-cash deal is SoftBank's first major investmen

  3. ...And Finally - Truth in advertising[more]

    From Newsoftheweird.com: Girl Scout Charlotte McCourt, 11, of South Orange, New Jersey, saw her sales zoom recently when she posted "brutally honest" reviews of the Scouts' cookies she was selling -- giving none of them a "10" and labeling some with dour descriptions. She was hoping to sell

  4. Europe - Brexit - Updated legal guide, Euro exchange rates set to tumble as hedge fund's super computer predicts Marine Le Pen will be next French president, Swiss fund market hits all-time high[more]

    Brexit - Updated legal guide From Herbertsmithfreehills.com: When we began analysing in depth the possibility of Britain exiting the EU (Brexit), 18 months prior to the June 2016 referendum, the business consensus was very much that Brexit was a remote prospect that either would never hap

  5. People - Gramercy appoints Bradshaw McKee as managing director of Capital Solutions, Trump taps Cerberus's Feinberg to lead intelligence review[more]

    Gramercy appoints Bradshaw McKee as managing director of Capital Solutions Gramercy Funds Management LLC, a $5.8 billion dedicated emerging markets investment manager, today announced the appointment of Bradshaw McKee to the position of Managing Director, Capital Solutions and Distressed