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Alternative Market Briefing Weekly

Opalesque Roundup: Hedge funds’ assets exceeded $2.1 trillion in May: hedge fund news, week 25

Saturday, June 14, 2014

In the week ending 13 June 2014, Eurekahedge said hedge funds’ assets exceeded $2.1tln in May; BarclayHedge and TrimTabs Investment Research said hedge funds get $56.4bn in first four months of 2014; SS&C Technologies said hedge funds posted a four-month high inflow in June as investors poured more money into the sector; Blue Sky raised $60m for Australia’s first alternatives LIC; and Oaktree Capital cut back the goal for its upcoming control investing fund, the Oaktree Principal Fund VI LP.

Two former executives of Goldman Sachs and Noble Group are launching a hedge fund in July; Tom Steyer launched the Climate Disaster Relief Fund to help victims of climate change; Silk Invest and Kolo Touré launched an African Opportunities for Footballers Fund; former CIC stock picker Yu Bin said he plans to launch a China fund; and David Blitzer said Blackstone Group plans to start its second Tactical Opportunities fund this year.

Gemini Fund Services partnered with KKM Financial on the launch of two new liquid alternative funds.

Morgan Stanley announced the launch of a new fund, the MS Lynx UCITS Fund.

Blackstone-seeded hedge fund Sureview Capital closed down as John Wu spent more time raising money than trading; and Exhilway exited "risky" hedge fund business by reassigning the operational rights to a large private investor group.

The HFRI Fund Weighted Composite Index was up 1.16% in May (+1.99% YTD); And the Lyxor Hedge Fund Index rose 1.0% (YTD +0.8%).

Data provider eVestment said distressed strategies ......................

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