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Alternative Market Briefing Weekly

Opalesque Roundup: Next generation hedge fund managers more innovative and flexible with fees: hedge fund news, week 14

Saturday, April 08, 2017

In the week ending 07 April, 2017, a study a study by Peltz International has found that institutional investors will continue to pressure managers about fees and that funds with flexible fees will get more allocations. The paper also said that the next generation of larger managers appears to be more innovative and flexible than established larger managers who are used to a certain structure and find it harder to change their fees. A study by the Federal Reserve showed that regular investors foot the bills as hedge funds and sell-siders tango; and a new paper from Francesco Franzoni argues that the Volcker Rule aimed at cutting the ties between hedge funds and financial conglomerates should be rethought.

Alan Howard has raised more than $700m from outside investors to launch a new fund that he will solely manage; TPRV Capital plans to raise about $700m and launch in the third quarter; Michael Weinberger is planning to start a new hedge fund firm named Cerrano Capital this summer; Lyxor Asset has partnered with Harmonic Capital to launch the Lyxor/Harmonic Macro Fund, the first global macro strategy with daily liquidity; and Harvest Global has launched its first UCITS fund - the Harvest China Evolution Equity Fund.

The HFRX Global Hedge Fund Index returned 0.5% gained +0.03% in March (+1.66% YTD); And the Lyxor Hedge Fund Index ......................

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