Wed, Apr 23, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Hedge funds adopt a wait-and-see approach to compliance with AIFMD regulation: hedge fund news, week 41

Saturday, October 12, 2013

In the week ending 11 October, 2013, it was reported that hedge funds are adopting a wait-and-see approach to compliance with regulation due to the complexity of workload involved, according to Deutsche Bank's survey of European and US hedge fund managers.

MontLake, ML Capital’s UCITS-compliant funds platform, announced the launch of the FVC Alternative Risk Premia UCITS Fund, run by Future Value Capital; UK-based Ignis AM launched its latest absolute return strategy, the Ignis Global Macro Government Bond Fund, with £25m ($40m) seed money; Lone Pine Capital is launching Lone Tamarack, a long/short fund, in January’14; analyst Meredith Whitney is raising money for a new long/short equity hedge fund; and Orso Capital is to launch the Quadrant Plus Partners Strategy, an equity hedge fund.

Jeffrey Vinik, who shut his hedge fund earlier this year after returns slumped, is providing $20m in seed capital for an investment firm run by his former stock picker David Iben, said Bloomberg.

FX Concepts is to wind down its investment management business over the next few weeks due to heavy outflows; the Tiger Keystone Partners portfolio, which lost $1m last year, decided to shut down despite its $250m investment from Pennsylvania's state pension system, Philly.com reported; and Sweden-based quant hedge fund Density is to close down after a poor performance.

The Greenwich Global Hedge Fund Index rose 2.35% (est.) in September (6.07% YTD); The ......................

To view our full article Click here

Banner
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. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. Niche Investing – Wealthy investors flock to fine art funds[more]

    From Clickorlando.com: Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle -- the art investment fund. The name says it all: These funds invest in fine art and seek returns by acquiring and selling high-end pieces for profit. Growth

  3. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act

  4. Performance – Odey flagship hedge fund suffers brutal March as shorts rise, Blackstone first-quarter profit rises 30% on higher fees[more]

    Odey flagship hedge fund suffers brutal March as shorts rise From Valuewalk.com: The tide has turned for the worse for one of Europe’s best performing hedge funds. Crispin Odey’s flagship hedge fund, Odey European has suffered a 4.63% decline for the year after slipping 7.2% in March, ac

  5. Agecroft Partners estimates 90% of hedge funds using social media[more]

    The use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media is broadly used by investors as part of their due diligence process on hedge funds, by service providers in their sales efforts to hedge funds, and by hedge funds to enhance