Wed, Sep 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Hedge fund launches rose in 1Q13 from the previous quarter to 297: hedge fund news, week 24

Saturday, June 15, 2013

Hedge fund launches rose in 1Q13 from the previous quarter, and totalled 297 funds, the third highest quarterly launch total since the beginning of 2008, reported HFR. And hedge fund liquidations declined to 196 in 1Q13, from 211 and 238 in the prior two quarters.

In the week ending June 14, 2013, it was reported that Eugene Lee and Paul Singh had left Regiment to launch a long/short credit fund; Felix Zulauf and his son Roman will be launching a global macro hedge fund at Zug-based Vicenda Asset Management; Algebris Investments is preparing to launch a new low-fee, long-only fund to invest in global financial stocks and bonds; former Citadel’s head of credit Chris Boas put on hold his hedge fund launch due to money concerns; and Loomis Sayles intends to launch a UCITS-compliant version of an existing long/short credit fund.

The HFRI Fund Weighted Composite index gained 0.5% in May (+4.92% YTD); The Lyxor Hedge Fund Index reported a gain of 0.33% (+3.53% YTD); The Hennessee Hedge Fund Index was up 1.79% (+7% YTD); The Eurekahedge Hedge Fund Index rose 0.20% (+3.89% YTD); And the SS&C GlobeOp Hedge Fund Performance Index returned 0.77% (+7.14% YTD).

John Paulson reported strong performance in his largest hedge funds in April betting on deals and distressed debts, said Reuters; but Paulson’s Gold Fund fell 13% in May to make this year’s loss to 54%, said BusinessWeek; and Metacapital Managemen’s flagsh......................

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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Outlook - Julian Robertson: There are two bubbles that can bite us[more]

    From Businessinsider.com: Legendary hedge fund manager Julian Robertson gave a warning about two bubbles that could "bite us" at Bloomberg Market's Most Influential Summit. "I agree with the fact that the economy is definitely getting better. I think the cause of that is two bubbles that will

  3. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  4. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  5. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e