Mon, Sep 26, 2016
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 5

Saturday, February 06, 2010

Benedicte Gravrand, Opalesque London: A roundup of the week’s hedge fund launches, closures, index performance, trends, regulatory, legal and financial events pertaining to the alternative investments industry.

Last week, we heard of fund launches from new firm Castle Hill (flagship); new firm LGBT Capital (LGBT consumer market); Falcon (L/S equity); Crystal (customizable FoHFs); Orre & Nyberg (L/S equity); Sarah Bernett (global macro); Thompson Davis (L/S equity); Aegon (UCITS III global absolute return); and J-Flag (Japan L/S).

Liontrust’s FuM dropped, the firm is closing its North American offices and planning hedge fund launches; South Korea’s Woori shut down its Asia multi-strat fund, seeded a new hedge fund, and will launch a FoHFs with Temasek's Fullerton FM. AC Investment Management shut its emerging managers FoHFs; and BlueMountain Capital is liquidating its debt fund after having ‘captured the big opportunity.’

Following Obama’s announcement on 22-Jan of new bank rules, Citigroup said it may sell or close its PE and RE units and its hedge fund group; Commerzbank wound down its FoHFs business Comas and returned assets to investors; and Morgan Stanley is to evaluate its hedge fund investments, including FrontPoing and Lansdowne.

The hedge fund industry is improving but many challenges remain, Moody’s said in a report; Stride Capital Group launched a partnership that will focus on providing capital and expertise to talented emerging hedge fund managers; shareholders in listed FoHFs Dexion refused to sell their holdings, despite being given the chance to do so at above market values; ......................

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. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  2. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  3. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  4. Hedge funds saw four consecutive months of outflows in August, but assets still up by $17.6bn YTD[more]

    Komfie Manalo, Opalesque Asia: Hedge funds witnessed four consecutive months of outflows with investor redemptions totaling $23.8bn as of end of August, data provider Eurekahedge said in its monthly report. But total hedge fund assets grew by

  5. Trend reversals lead to losses as managed futures drops 1.52% in August[more]

    Komfie Manalo, Opalesque Asia: Trend reversals in August have led managed futures traders to lose 1.52% last month according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 0.62% year to dat