Sun, Mar 18, 2018
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. Performance - Hedge fund mojo is back with investor hopes at six-year high, These hedge funds produce the most consistently great results[more]

    Hedge fund mojo is back with investor hopes at six-year high From Hedge funds on the heels of a surprisingly strong performance in 2017 are raising hopes for an encore. Investors expect their managers to return 8.5 percent in 2018, according to a Credit Suisse Group AG sur

  2. Investing - Hedge funds amass big bets against world's leading advertisers, Investor Elliott Management buys tiny stake in Wipro[more]

    Hedge funds amass big bets against world's leading advertisers From Hedge funds have amassed bearish bets of more than $3bn against the world's largest advertising companies in an attempt to profit as the industry undergoes ongoing wrenching disruption and slowing growth. Funds i

  3. News Briefs - Investcorp to launch a $100 million PE fund for Omani pension funds[more]

    Bahrain-based investment firm Investcorp will soon launch a $100 million fund dedicated to Oman's Pension Funds as part of its investment plan. 'The Opportunities Fund' will be focused on private equity investments in the U.S. and Europe and will target mid-sized companies across a broad range of se

  4. DoubleLine's Gundlach sees U.S. 10-year Treasury yield rising, weighing on stocks[more]

    From Reuters/ Jeffrey Gundlach, the chief executive of DoubleLine Capital and known on Wall Street as the "Bond King," said on Tuesday the yield on the U.S. 10-year Treasury note will likely move higher and pressure riskier assets including equities and junk bonds. Gundlach, on an

  5. SEC charges Theranos CEO Holmes with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has charged Elizabeth Holmes, founder and CEO of Theranos and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about t