Tue, Dec 12, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Global banks and asset managers to launch more Asian hedge funds: hedge fund news, week 48

Saturday, November 30, 2013

In the week-ending 29 November, 2013, according to Vestment hedge funds saw seven months of consecutive positive performance as at end October as assets gained $59.7bn; Diamond Age Russia Fund reported a strong returns of +18.78% for September and October combined; the Dalton Greater China Fund beat peers with a 25% returns this year; and Monte Capital’s long/short equity fund gained 12% YTD thanks to active management of options portfolio.

Global banks and asset managers, including Goldman Sachs, UBS and GLG said they would launch hedge funds in Asia. Specifically, former Goldman Sachs trader Andrew Wang said he would launch and Asia fund that will bet on Chinese and Japanese shares; emerging manager Strategis launched several structured products linked to a market neutral strategy; two former Eminence Capital executives said they would launch their own hedge fund; and NewSmith announced plan to roll out existing funds onto platforms and the same time launch funds for retail clients.

The Morningstar MSCI Composite EW Hedge Fund Index was up 1.6% for October (+7.2% YTD); The Parker FX Index was up 0.32% (-0.74% YTD); And the Scotiabank Canadian Hedge Fund Index gained 0.90% (-1.70% YTD) on asset weighted basis.

Assets of direct lending fund Czech AM hits $3bn as investors piled in as it closed his second fund to new capital; the assets of the once $14bn FX Concepts are n......................

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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. News Briefs - Italy's Carige to sell consumer credit arm to Chenavari, Less than a year after hedge fund coup, East Bay drug maker cuts jobs, looks to move HQ[more]

    Italy's Carige to sell consumer credit arm to Chenavari Italy's Banca Carige aims to sell its consumer credit unit to London-based hedge fund Chenavari by Dec. 6 when a vital 560 million euro ($664 million) cash call ends. Genoa-based Carige must comply by the end of the year with Europe

  3. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  4. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  5. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa