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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......................

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