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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 Tyrus Capital (global events); LFG (equity-index correlation); Henderson (special sits); York Capital (event-driven UCITS); Apano (managed futures); Veritas (Ucits III L/S China); JQS Capital (3 funds: Technology, Diversified, Russian Debt); Belay Partners (L/S European); Belay Partners (L/S European equities); and River Birch Capital (distressed / fixed income).

Denver Investments, a $7bn U.S. asset management firm, and GRT Capital Partners, a multi-strategy alternative investment firm, launched Denver Alternatives; and Swiss firm EIM built a dedicated managed account platform with Deutsche Bank’s help.

Eurekahedge found that between mid-2007 and June-2009, 1,509 funds had closed - 17% of the total number of hedge funds - taking the industry back to levels of late 2006. The data provider also said that hedge fund assets had increased by $21.4bn in August.

The HFN Hedge Fund Aggregate Index was up 1.74% in August (+13.87% YTD); The Nordic Hedge Fund Index posted a return of 1.14% (+11.25% YTD); Morningstar 1000 Hedge Fund Index was up 1.6% (+14% YTD), Morningstar MSCI Composite Hedge Fund Index was up 1.5% (+9.5% YTD); And the Barclay CTA Index rose 0.41% (-0.87% YTD).

Friedberg Mercantile Group and Niagara Capital Partners reopened the Friedberg Global Macro hedge fund to investors after nearly two years of limited capacity; FoHFs group HDF is trying to draw back investors with diversified liquid strategies and better liquidity terms; Acorn Global Investments is now providing the transparency investors have been asking for; Vicis......................

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