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

UK hedge funds might relocate: hedge fund news, week 49

Saturday, December 07, 2013

In the week ending 06 Dec, 2013, experts in Europe warned that UK hedge funds might relocate because of the government’s crackdown on partnerships; the Co-operative Bank bondholders voted overwhelmingly to allow hedge funds to take major stakes in the new group; European charities have demanded to know why they were frozen out of the UK Royal Mail flotation; and European banks have turned to hedge funds to help them raise deeply subordinated hybrid capital in 2013.

Franklin Square Capital launched the FS Global Credit Opportunities Fund; former ICBC portfolio managers Kang Hao and Jimmy Weng said they would start a China fund with $100m in assets next year; former Man Group fund manager Richard Bateson left the firm to establish a new investment boutique; Asia Frontier Capital announced the launch of AFC Vietnam Fund; and Sciens Alternative launched a long-short credit sector focused European credit fund called Eiffel Credit Opportunities.

Meditor Capital is shutting its European equity fund, citing an internal review and new rules restricting short-selling.

The Emanagers Total Index gained 1.59% in October (+3.9% YTD); The Greenwich Global Hedge Fund Index rose +0.85% in November (+8.27% YTD); And the UCITS Alternative Index was up +0.49% (+3.71% YTD).

David Einhorn’s Greenlight Capital posted positive performance in November with 4.7% gains (19.1% YTD); Northwest Warrant Fund returned 203% in the first 10 months betting that Japan’s stimulus will bolster stock prices; Clareville Capital’s Pegasus Fund wa......................

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