Tue, Feb 21, 2017
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. With $54bn in assets, Philippines is ready for hedge funds, alternative investment products[more]

    Komfie Manalo, Opalesque Asia: With the country's outstanding fund management industry at $54bn and growing, the Philippine market and its investors are ready to invest in "more sophisticated" asset management products, like hedge funds and alternative investments, said Deanno J. Basas, presi

  2. SoftBank to buy Fortress Investment for $3.3bn[more]

    From Reuters.com: Japan's SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world's largest private equity fund. The all-cash deal is SoftBank's first major investmen

  3. ...And Finally - Truth in advertising[more]

    From Newsoftheweird.com: Girl Scout Charlotte McCourt, 11, of South Orange, New Jersey, saw her sales zoom recently when she posted "brutally honest" reviews of the Scouts' cookies she was selling -- giving none of them a "10" and labeling some with dour descriptions. She was hoping to sell

  4. Europe - Brexit - Updated legal guide, Euro exchange rates set to tumble as hedge fund's super computer predicts Marine Le Pen will be next French president, Swiss fund market hits all-time high[more]

    Brexit - Updated legal guide From Herbertsmithfreehills.com: When we began analysing in depth the possibility of Britain exiting the EU (Brexit), 18 months prior to the June 2016 referendum, the business consensus was very much that Brexit was a remote prospect that either would never hap

  5. People - Gramercy appoints Bradshaw McKee as managing director of Capital Solutions, Trump taps Cerberus's Feinberg to lead intelligence review[more]

    Gramercy appoints Bradshaw McKee as managing director of Capital Solutions Gramercy Funds Management LLC, a $5.8 billion dedicated emerging markets investment manager, today announced the appointment of Bradshaw McKee to the position of Managing Director, Capital Solutions and Distressed