Tue, Mar 3, 2015
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 9

Saturday, March 06, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from Bedrock (Brazil multi-strat FoHFs); Aegon (UK Equity Absolute Return); Cheyne (UCITS M&A); Cowen Group (managed accounts fund); CastleBay, (Asia L/S equity); Black's Link Capital (Asia); Merchant Capital (Euro L/S equity Ucits); Toscafund (mid-cap Ucits); Aladdin (two distressed credit funds); Castlestone (Ucits of actively managed portfolio); Cape One (offshore version of PIPE fund); GoldVest (alternative investment and goodwill fund); Aviva (UK absolute return); Old Mutual (UK absolute return Ucits); and three China hedge funds from Jingliang, Heju and Longwin.

London-based Nevsky Capital shut down its $3.3bn hedge fund after the managers left.

The Parker FX Index reported a -0.30% return for the month of January; the Nordic Hedge Fund index rose 0.29%; the Australian Fund Monitors (AFM) index recorded a loss of 1.43%; Greenwich Alternative Investments launched seven new investable hedge fund indices; the Credit Suisse L/S Equity Replication Index was down 1.27% in February, the Inverse L/S Equity Replication Index +1.06%, the Credit Suisse Liquid Alternative Beta (LAB) Index +1.01%; Newedge's CTA Index was up 1.31% (-0.59% YTD), the Alternative Edge Short-Term Traders index up 0.70% (-0.38% YTD) in February.

The Morningstar 1000 Hedge Fund Index dropped 1.2% in January, as investors pulled $57bn from the funds in its database; HFI reported that European hedge fund launches and assets were on the rise again (10% in H2-09 to reach $382bn); Hennessee Group said hedge funds had recouped lost assets and returned to the 2008 levels of $1.96tln (est.); and an AR survey found that as of January 1, the biggest 213 US hedge fund firms managed combined assets of $1.182tln, a 4.2% increase from early 2009.

RWC said it w......................

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 - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie