Fri, Jan 19, 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. Legal - Former Och Ziff hedge fund executive indicted for fraud in Africa investment scheme, prosecutor says, Hedge fund blasts defense of Puerto Rico restructuring law[more]

    Former Och Ziff hedge fund executive indicted for fraud in Africa investment scheme, prosecutor says From CNBC.com: A former hedge fund executive faces federal charges for defrauding a UK-based charity over investments in Africa, according to a grand jury indictment made public Wednesday.

  2. U.S. economy, inflation and alternative investments to dominate 2018 markets, says family office Wilmington Trust[more]

    Komfie Manalo, Opalesque Asia: The emergence of a late-cycle economy in the U.S., the mystery of inflation and growth from a domestic and global perspective, and the potential for alternative investments to prosper against a backdrop of rich valuations, low yields, and higher volatility are the t

  3. Performance - Some hedge funds deliver double-digit gains for 2017, Brevan Howard's hedge fund suffers biggest annual loss in 2017, Crispin Odey's flagship hedge fund plummeted about 20% in 2017, Profits fall 90% at ex-Morgan Stanley banker's hedge fund, Fannie-Freddie overhaul might mint hedge fund riches, losses[more]

    Some hedge funds deliver double-digit gains for 2017 From Reuters/Investing.com: A handful of hedge funds ended 2017 with double digit returns, their investors said, at a time the $3 trillion industry took in fresh money and posted its best returns in years, industry data show. Act

  4. Investing - Hedge funds start 2018 with record $19 billion bet on the euro, Hedge fund Kora Management invests in Satin Creditcare[more]

    Hedge funds start 2018 with record $19 billion bet on the euro From Reuters.com: Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near ter

  5. News Briefs - Mobius to retire from Franklin Templeton, Authorities decrypt smart phone of Princeton grad charged with killing Manhattan hedge fund dad, Investigators seize (more) antiques from hedge-fund billionaire Michael Steinhardt's collection[more]

    Mobius to retire from Franklin Templeton Emerging markets pioneer Mark Mobius will be stepping down as executive chairman of the Templeton Emerging Markets Group (TEMG) and formally retire from Franklin Templeton on 31 January. He will also be relinquishing his post as portfolio manager