Sat, Apr 18, 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 10

Saturday, March 13, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from Pirate Capital (stressed/distressed companies); Goldman Sachs (absolute return Ucits, in Spain); Auriel Capital (equity market neutral); Nine Masts Capital (arbitrage, Asia); Sursum Partners; Athamas (forestry and carbon); Pierre-Henri Flamand (new hedge fund firm); Coe Capital (long-short mid-cap equity); and Bid & Ask which is rebranding to Stella Asset Management (derivatives).

Brevan Howard’s first Ucits fund closed due to lack of investor interest. It was noted that hedge funds are finding it more difficult than traditional asset managers to raise money for Ucits funds.

The HFRI Fund Weighted Composite Index was up 0.52% (est.) in February, down 0.18% YTD; NARA’s UCITS Alternative Global Index returned +0.24%; -0.29% YTD; The Credit Suisse/Tremont Hedge Fund Index was up 0.87% (est.), +1.04% YTD; The Hennessee Hedge Fund index advanced +0.96%, +0.42% YTD, still outperforming stocks YTD due to asset protection in January; The Greenwich Global Hedge Fund Index returned +0.68, -0.1% YTD; Lyxor’s investable Global Hedge Fund index was up 0.3%, -0.09% YTD; Eurekahedge said its Hedge Fund Index returned +0.52% (est.) and -0.26% YTD (as the MSCI World Index returned 1.23% and -3.01% YTD), that it had tracked 90 new funds in Q1-2010; The HFN Hedge Fund Aggregate Index advanced 1.04%, +0.50% YTD; HFN also reported that total hedge fund assets had increased 1.30% to $2.191tln (est.)

HFI reported that global hedge fund assets had risen 10% to $1.8tn in H2-09; TrimTabs and BarclayHedge said with estimated inflow of $7.1bn in January, hedge fund assets had risen to $1.5tn; a new P&I’s list showed assets managed by the 11 largest hedge fund firms total $316.2bn – same as Dec-07 (the three prominent firms are Goldman Sachs AM, Renaissance Technologies and Citadel Investment Group).

The average hedge fund......................

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. Studies - Fund managers bullish on equities, alternative asset classes, Hedge funds starting to spurn emerging markets, Insurance companies take aggressive approach to hedge funds despite restricted exposure[more]

    Fund managers bullish on equities, alternative asset classes From Benefitnews.co: Asset allocation and risk continue to be the top issues for institutional investors in 2015 and, while nobody is sure what the economy will do in 2015, investment fund managers remain positive about investm

  2. Investing - New hedge fund strategy: Dispute the patent, short the stock, David Einhorn bets on AerCap as leasing company avoids turbulence, Top hedge funds reveal these best investing ideas, Hedge funds bet big on PetSmart price bump, Victory Park Capital increases investment in upstart to $500m[more]

    New hedge fund strategy: Dispute the patent, short the stock From WSJ.com: A well-known hedge-fund manager is taking a novel approach to making money: filing and publicizing patent challenges against pharmaceutical companies while also betting against their shares. Kyle Bass, head of Hay

  3. Tiger Global falls 2.9% in March, down 5.3% in Q1[more]

    From Reuters.com: Investment firm Tiger Global Management, one of the hedge fund industry's most closely watched players, told clients that its hedge fund lost 5.3 percent during the first quarter, an investor said on Wednesday. Much of the decline came in March when the fund lost 2.9 percent,

  4. It’s not just hedge funds—IMF study finds stability risks from ‘vanilla’ funds[more]

    From MarketWatch.com: Leveraged hedge funds and banklike money-market funds are the parts of the asset-management industry most associated with risks to financial stability. But a report from the International Monetary Fund suggests that “plain-vanilla” mutual funds and exchange-traded funds also ca

  5. Hedge funds gain 2.4% in Q1 driven by currency and commodity markets[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted positive results last March to conclude a strong first quarter, with performance driven by strong macro trends in currency and commodity markets, complemented by broad-based gains and positioning in event driven, equity hedge and fixed income-b

 

banner