Fri, Sep 4, 2015
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. Opalesque Exclusive: New Detroit-based CTA seeks to take advantage of coming volatility[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging manager has just set up his one-man shop in the city of Detroit. Synchronicity Futures,

  2. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  3. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  4. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

  5. Launches - BlackRock’s McKenna starts hedge fund with $270m, Ex-BlueBay fund managers Phillips, Fayman to launch hedge fund in 2016, Dallas lawyer, Wall Street-savvy doctor team up to form biotech-focused hedge fund[more]

    BlackRock’s McKenna starts hedge fund with $270m From Bloomberg.com: BlackRock Inc. has started an event-driven hedge fund one year after hiring Harvard Management Co.’s Mark McKenna to run the strategy. Global Event Partners, which seeks to profit from corporate events such as takeovers

 

banner