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

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. 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