Thu, Aug 28, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Asset concentation at largest US and UK hedge funds goes on unabated: hedge fund news, week 14

Saturday, March 29, 2014

In the week ending 28 March, 2014, Absolute Return’s latest Billion Dollar Club showed the largest 293 U.S. hedge funds now manage a record $1.71tln in assets while the UK’s largest hedge funds are getting bigger and now control 82% of assets under management. Schroders, Henderson Global Investors and Jupiter Asset Management are expected to win big from the redrawing of the UK’s pension overhaul; Shanghai-based hedge fund CSV China Opportunities Fund crossed $50m in assets; and BNY Mellon is restricting flows into two funds run by Citywire AAA-rated manager Andy Cawker.

Blue Sky Alternative said it would launch a diversified fund within the next one to two months; Context Asset Management launched its first hedge fund-of-funds mutual fund; and Capital Fund Management launched a new product aimed at institutional investors with half the fees typically offered by hedge funds.

GLP Partners launched an alternative emerging market fund that will run along absolute return macro guidelines.

Stockholm based CB Fonder will close down CB Hedge fund after suffering losses; Tudor Investment will return money to clients from its $120m managed-futures fund after three years of losses; and the $310m OVS Capital will shut down after founder Sam Morland decided to retire.

The Morningstar MSCI Composite AW Hedge Fund Index was up +2.2% in February (+8.0% YTD) while the Parker FX index fell -0.55% (-1.03% YTD).

Hedge funds posted performance ......................

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 Square, 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

  2. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  3. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  4. 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

  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