Wed, Oct 1, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Former mega hedge fund Stark Investments liquidates while fund closures globally decrease: hedge fund news, Week 16

Saturday, April 20, 2013

In the week ending April 21, 2013, Stark Investments announced it would close down its operations after assets fell by 85% from $14bn to $2.1bn; a report by HedgeFund Intelligence suggested that the rate of closures in the global hedge fund industry went down for the fourth year in a row, with 302 fund shutdowns in 2012 (HFI also reported that hedge funds assets topped $2.2tln in 2012 on the back of solid average performance across the industry and new inflows from investors worldwide); the SS&C GlobeOp Forward Redemption Indicator for April 2013 measured 2.95%, down from 4.33% in March; data from eVestment showed that hedge funds flow turned negative in March amounting to $12.4bn, but flows for the quarter were still positive $7.6bn and total industry AUM reached $2.664tn; and Tower Fund Services commented many investment funds are struggling to raise capital as only 5% of them attract 80%to 90% of all capital flows.

Resonance Asset Management, an alternative asset management firm founded by industry veteran Nick Wood, raised £35m in assets and will launch its inaugural wind energy income fund; and former GLG portfolio manager Berger set up B1 Capital and is preparing the launch of a new European long/short equity hedge fund.

For Q1-13, BlackRock reported that it now manages a record $3.936tln in assets, 7% more than a year ago and 4% more than last quarter; and Blackstone reported a 15% rise from last year in AuM, to a record $218bn.

......................

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. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is