Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Review of hedge fund launches, closures, trends, regulatory and legal events - week 20

Saturday, May 16, 2009

By Benedicte Gravrand, Opalesque London: A roundup of last week’s hedge fund launches, closures, index performance, trends, regulatory, legal and financial events pertaining to the alternative investments world.

Last week, we heard of fund launches from Samena (Japan); Cypress Lane (Asia); Ospraie (2 x commodity); Duet (MENA); QPRC (patent); Blue Marble (clean-tech); UBP (FoHFs); and Everest Investment Advisors.

$3bln Satellite A. M. closed after withdrawals; Schonfeld Group shut its asset management arm; and Blackstone cancelled its plan for an Asian event-driven hedge fund.

The Newedge Alternative Edge Short Term Traders Index was down 0.97% in April, -2.37% YTD, and the CTA Index -1.96%, -4.01% YTD; Credit/Suisse Tremont Hedge Fund Index 1.68%, 2.55% YTD; Hennessee Hedge Fund Index 3.84%, 5% YTD; HFN Hedge Fund Aggregate Average 4.3%, 4.5% YTD (and estimated hedge fund assets increased by +0.29% to $1.697tln); Barclay Hedge Fund Index 5.05%, 5.43% YTD; Eurekahedge Hedge Funds Index 3.2%, 4.1% YTD (biggest monthly gain since January 2006); Australian Fund Monitors main index 3.52% (est.), -7.93% yoy; Barclay CTA Index -0.51% (est.), 2.34% YTD - following directionless markets and conflicting trends.

WSJ.com reported that a group of hedge funds that focus mostly on short investments were getting hammered by a big pop in stock markets over the past two months; it was also reported that the quants continued getting clobbered; Credit Suisse research found that around one in six hedge funds continued to curtail withdrawals at the end of March, despite investors being under less pressure to pull their money out as the markets stabilised; HFR said that the Asian hedge fund industry was in a position for growth in 2009; a new Credit Suisse/Tremont paper discussed convertible arbitrage’s ability to generate positive returns in 2009; and Reuters.com reported that many hedge fun......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1