Fri, Jul 28, 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 6

Saturday, February 13, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of launches from Nautical (commodity); Income Partners (distressed); Edward Hornstein (L/S equity); SilverWind Securities and Vestra Wealth (L/S equity); CCC Capital (quant); GLG (Japan); new firm Inflection Point; Temasek / Seatown Holdings (hedge fund platform); Atom (Japan event-driven); Man Group (directional); Hylas Capital (event-driven); Orchard Capital (Asia); Turiya Advisors (Asia & Europe); Avenue Capital (distressed debt); SAV (Thai and Asean); Munsun (China); and Edmond de Rothschild AM (EM convertible arb).

The HFRI Fund Weighted Composite Index was down 0.71% in January, the macro index being the worst performer at -2.16%; Newedge CTA Index was down 1.69%; Hennessee Index declined -0.50%; Credit Suisse/Tremont Hedge Fund Index posted 0.17% (est.); Lyxor Hedge Fund Index recorded -0.42%; and RBC Hedge 250 Index returned -0.18%.

As for assets, TrimTabs Investment Research and BarclayHedge reported that all hedge funds posted an estimated outflow of $3.8bn in December-09 due to quarter-end and year-end redemptions.

Fitch Ratings reported that 2009 for hedge funds had been dominated by "top-down" macroeconomic positioning, whereas "bottom up" individual asset selection and pure relative value trades remained on the sidelines; it was also observed that now crowding could hurt hedge fund strategies that thrived in '09, like convertible arbitrage and long/short equity; U.S. hedge fund D.E. Shaw set up a team to look at buying distressed-asset portfolios held by rival hedge ......................

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. Launches - Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle, Jersey players institutionalize first regulated crypto-currency hedge fund[more]

    Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle From Coindesk.com: The operators of a regulated, Jersey-based bitcoin hedge fund have officially closed a new $5 million fund aimed at investing in cryptocurrency tokens and initial coin offerings (ICOs). Backed by fun

  2. SWFs - China Wealth fund backs TPG lender as part of U.S. property push[more]

    From Bloomberg.com: China Investment Corp., the sovereign wealth fund that controls $814 billion in assets, is betting on U.S. real estate by investing in a commercial real estate lender formed by the money management firm TPG. In conjunction with last week's initial public offering of TPG RE Financ

  3. Months to minutes: Enigma launch aims to boost crypto hedge fund creation[more]

    From Coindesk.com: What if starting a hedge fund was as easy as downloading an API? A startup incubated at MIT Media Lab is today revealing a product designed with this ease-of-use in mind. Called Catalyst, the first product offering by blockchain startup Enigma aims to trigger nothing short of an e

  4. North America - Hedge funds disclose their Puerto Rico debt holdings, US dominates new money portion of Greece's debt sale[more]

    Hedge funds disclose their Puerto Rico debt holdings From Reuters.com: A group of hedge funds that hold about $3 billion of Puerto Rico sales-tax-backed debt released a court filing late on Tuesday that revealed how much of the total amount each fund manages. Decagon Holdings LLC,

  5. $25 million cryptocurrency fund launches to capitalize on the "internet of the future"[more]

    From Coindesk.com: General Crypto, a $25 million cryptocurrency hedge fund, has launched to provide high net worth investors with liquid exposure to the cryptocurrency market and digital assets that they believe could run the technological infrastructure of the future. Since the start of 2017, the t