Tue, Sep 2, 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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the study

  2. Legal – GE Capital and Petters-related hedge fund in legal battle, SEC sanctions Donald Brownstein's hedge fund over conflicts of interest[more]

    GE Capital and Petters-related hedge fund in legal battle From Startribune.com: A billion-dollar legal battle is brewing in Florida over who knew what and when about the decade-long Ponzi scheme operated by former Wayzata businessman Tom Petters. The bankruptcy trustee for two failed Flo

  3. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  4. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius