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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 Centaurus (event-driven); Tribridge (special sits); Instinct Capital (Japan); DS Credit Strategies (ABS); TKNG Capital (global macro); Golden Hedge Umbrella (multi-strats); GLG (long-only FoHFs); Silkstone Capital (E.M.); and AGS Capital (PIPE, fixed income, reserve equity). The Lyxor investable index was flat in June (+2.2% YTD); the Eurekahedge Hedge funds Index was up 0.2% (9.54% YTD); the Parker FX Index was down 0.25% (0.19 YTD); and the Morningstar 1000 Hedge Fund Index posted its largest quarterly increase (9.25%), -0.20% in June, 8.93% YTD, with estimated asset flows of -$1,350.6m in May; HFR found that the hedge fund industry assets had surged as performance was leading to an industry recovery, assets invested in the hedge fund industry had increased by $100bn in Q2-2009, which ended at $1.43tln. Revere Capital Advisors, an investment group focused on emerging hedge funds managers, announced the re-launch of San Francisco global macro manager Bayswater A.M.; Union Bancaire Privee (UBP) may turn 70% of its underlying hedge fund investments into highly liquid managed accounts. ...................... To view our full article Click here |

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