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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 AN (commodity); Henderson Global (4 in global emerging markets, large-cap European equities and global macro and L/S credit); Moneda (LatAm); Kingsbrook Partners (opportunities master fund); Guggenheim Partners (market neutral); Aviva (global macro); Cabal Capital (legacy); HSBC (FoHFs); and Jupiter (L/S funds).

Former Pequot manager Navroze Alphonse set up his own hedge fund company called Epeius Partners; and Barclays Global Investors (BGI) and Connecticut-based hedge fund Plainfield Asset Management discussed forming a joint venture to manage a distressed debt offering.

The Greenwich Global Hedge Fund Index declined slightly during October with -0.47% and 16.7% YTD; and a HFMWeek survey said hedge fund assets were up 11% in the last six months (with single manager assets now standing at $2.4trn).

More than half of European hedge funds companies either plan to launch versions of their strategies to be sold onshore or have already done so, according to new research published by HFI; HFR found that managers with higher fees generate higher net returns and KPMG said that although the largest investors press for fee cuts, most hedge funds hold their ground; research from Goldman Sachs found that hedge funds in Q3 had showed their greatest appetite for stock market risk in two years; Morgan Stanley said hedge fund money may account for 40% of bank capital; meanwhile, individuals are reportedly rushing to hedged mutual funds from JPMorgan to Pimco; recent volatility in global stock markets compounded problems for managed futures hedge funds; and Reuters reported t......................

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