Thu, Nov 27, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Review of hedge fund launches, closures, trends, regulatory and legal events - week 3

Saturday, January 23, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from Palisades Park (1 x multi-strat, 1 x Sharia); InfoSpi (green); Finisterre (EM); Althea Capital (EM); Gartmore (L/S pan-European); Pangu Capital (Greater China); Reech CBRE (real estate); Kronos Investment Advisory (market neutral); Aristarc Capital (Japan); Brennus (convertible); Grupo Banco Popular (FoHFs); and Heartwood Wealth (multi-assets). Galileo Capital Management, a boutique investment management and advisory firm, launched in London and Hong Kong and will manage bespoke alternative asset funds.

Gerry Catenacci closed his hedge fund Principled Capital Management, which was down in both 2008 and 2009; and Goldman Sachs’ asset management unit closed its Global Equity Opportunities Fund at the end of December, after redemptions and poor performance over the past 24 months.

The Lyxor Global Hedge Fund Index was down 0.33% in December, +5.15% (est.) in 2009; the EDHEC hedge fund indices ended 2009 on positive note, except for CTA and Short-Selling; the Scotia Capital Canadian Hedge Fund Index was up 2.12% in December, 28.62% YTD; and the Barclay CTA Index was down -0.09% in 2009. Funds of hedge funds’ assets were cut down to $440bn, almost half their May 2008 size, said Eurekahedge.

Protecting the downside was a major driver of hedge fund outperformance as the Hennessee Index gained +88.3% over the last 10 years, versus S&P 500’s decline of -23.33%; the state of the industry is strong but hedge funds will need stronger performance relative to equities and bonds for success in 2010, said Credit Suisse/Tremont; Credit Suisse also found that global macro had been the most popular hedge fund strategy in 2009, de......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  5. Gross: Inflation is required to pay for prior inflation[more]

    Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to