Sat, Nov 1, 2014
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 8

Saturday, February 27, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from Insynergy and GAM (L/S UCITS China); Swiss Alpha (UCITS quant); Odey; BlackRock (Asia credit); Aisling Analytics (equity); and Theta Capital (FoFs).

Stanley Fink’s International Standard Asset Management (ISAM) formed and alliance with Hite Capital and is plannning the launch of a systematic fund and a fund of managed accounts; Odey Asset Management shut its Asia fund after failing to raise enough money, despite good returns.

Hedgebay launched the Global Illiquid Asset Index for hedge funds trading in side pockets and gated funds; the Scotia Capital Canadian Hedge Fund Index (asset weighted) was up 0.32% in January; Greenwich Alternative Investments launched eight new regional hedge fund indices; Credit Suisse launched an ETN linked to the Credit Suisse Long/Short Liquid Index; and Geneva advisory firm NARA Capital started a series of indices tracking almost 400 UCITS hedge funds and FoFs managing Eur63bn+.

Hedge fund assets may rise 14% (to $1.68tln) in 2010 as proposed regulations has created more confidence according to Eurekahedge Pte; and Blackstone AM saw FoHFs inflows of $500m in 2009.

BlueBay AM’s founders are to sell off their own shares to seed new hedge fund launches; RAB Capital is auctioning stakes in its Special Situations fund for its investors to sell off; Cazenove Absolute UK Dynamic fund won’t reopen until performance improves; a Hennessee Group study showed hedge funds generally lag their traditional counterparts when equity markets experience strong advances; a Credit Suisse survey found hedge funds clinging to fees as only 10% expect a drop.

Hedge funds will increase their investments in distressed debt and equity this year, the Reuters HedgeWorld & Dykema 2010 Insolvency Outlook Survey found; 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. Macks aim to raise $750m for real estate debt fund[more]

    From Therealdeal.com: Father-son duo William and Richard Mack and former Blackstone Group managing director Peter Sotoloff are starting a new real estate debt fund. Together, the trio hopes to raise more than $750 million for the private equity fund, according to the Wall Street Journal. The fund wi

  2. Manager Profile - Seth Klarman: Lessons for retail and institutional investors[more]

    From Valuewalk.com: Seth Klarman is virtually unknown outside value circles, despite his impressive record and value of assets under management. On average Baupost has returned 19% p.a. despite holding a large portion of its assets in cash. During the financial crisis, Seth Klarman’s funds lost some

  3. North America - FATCA leads 75% of U.S. expats to consider dropping citizenship[more]

    From International-adviser.com: Nearly three quarters of American expats are considering the renouncement of their citizenship following July’s introduction of the “absurd” Foreign Account Tax Compliance Act (FATCA). The findings, which were revealed in a survey by deVere, come alongside the news th

  4. New app allows asset managers easy interaction with portfolios, securities, holdings, transaction details[more]

    Komfie Manalo, Opalesque Asia: Global financial services software company SS&C Technologies Holdings has launched Explorer, a powerful data visualization and analysis tool that turns critical investment data into meaningful information. Explore

  5. Opalesque Exclusive: Mariner’s new healthcare mandate applies strategic approach across pharmaceutical and biotech sectors[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A team of two was hired in February this year t