Sat, Jun 24, 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. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  2. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  3. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  4. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  5. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to