Mon, Jul 6, 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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner