Fri, Apr 27, 2018
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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its