Fri, Dec 6, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Opalesque Roundup: Hedge fund liquidations surpass 2009 numbers as industry shrinks below 10,000 funds: hedge fund news, week 12

Sunday, March 26, 2017

In the week ending 24 March, 2017 it was reported that the number of hedge fund liquidations in 2016 have surpassed the 2009 financial crisis level. For the full year 2016, liquidations totalled 1,057, surpassing the 1,023 liquidations from 2009, though falling well short of the record of 1,471 liquidations from 2008. And the total number of hedge funds, including fund of hedge funds, declined to 9,803 as also new launches declined.

Blackstone Group is ending its $3bn distressed debt hedge fund and will shift most of the assets into other credit funds; and Erich Mindich is shutting down his hedge fund Eton Park after losing 9% in 2016 and its assets falling by $2bn to the current $7bn.

BayernInvest and Acatis Investment are joining forces to launch a new global equity fund that will be the first to be 100% controlled by AI. Six new hedge funds, private equity companies and boutiques are launching in London; Saba Capital rolled out its first ETF, the Saba Closed-End Funds ETF; and manager Marco Barrozo has launched a hedge fund as the industry comes off its worst year since the financial crisis.

The HFRX Global Hedge Fund Index gained 0.14% through third week of March (+1.35% YTD); The Lyxor Hedge Fund Index was slightly down 0.3% as of end 14 March (+1.2% YTD); And the Eurekahedge Fund Index was up 0.97% in February (+1.87% YTD).

Macro hedge funds are lagging in performance as the Trump rally begi......................

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. 50 South Capital & Preqin highlight emerging manager outperformance in a new report[more]

    Bailey McCann, Opalesque New York for New Managers: New data from Preqin and 50 South Capital, the investment arm of Northern Trust, shows that emerging managers are outperforming established managers by almost 4% a

  2. An academic wrecking ball aims at hedge funds[more]

    From Bloomberg: Quant investing, and indeed much of the hedge fund industry, is built on the power and freedom that come with the ability to sell short. When you short a security (borrow and then sell it, meaning you make money if the price falls and you then re-buy it), you can profit when markets

  3. PE/VC: Private equity buys $101bn of European businesses, 30 under 30 venture capital 2020: Meet the young investors backing tech's next big thing[more]

    Private equity buys $101bn of European businesses From Bloomberg: European equities' cheap valuations have turned the region into a honeypot for private-equity and arbitrage funds looking to reap double-digit returns. With the buyout firms enjoying a massive amount of dry powder, especial

  4. Hedge fund Moore Capital to return money to external investors[more]

    B. G., Opalesque Geneva: Louis Bacon's Moore Capital Management is to return capital from its three macro hedge funds to investors. The funds will continue running partners' money and Bacon, 63, will reduce his involvement in trading, according to a letter to investors seen by

  5. Crypto: Almost 70 crypto hedge funds have closed this year as institutional investors shy away, Central bank talk of launching cryptocurrencies is all bluff, Thailand and Hong Kong in crypto collaboration with cross border token project, Crypto loans see solid growth, platforms attract community interest, A Bitcoiner in the Senate? Is Bakkt CEO in US govt. good or bad for crypto?, Bank of France to test digital currency in 2020[more]

    Almost 70 crypto hedge funds have closed this year as institutional investors shy away From The Block Crypto: Nearly 70 crypto-focused hedge funds that largely cater to institutional investors, such as pension funds and family offices, have closed this year. The number of new fund