Thu, Nov 26, 2015
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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. Investing - BlackRock targets ETF investors with flexible currency hedging, Nelson Peltz bets on General Electric Company and Mondelez International, Apple plummets to 4th place among hedge holdings, from No. 1, Top Q3 equity purchases and sales of top 50 hedge funds[more]

    BlackRock targets ETF investors with flexible currency hedging From BlackRock Inc., the world’s largest asset manager, is changing course on exchange-traded funds that protect against currency volatility. After stressing the easy switch between hedged and unhedged ET

  3. BlackRock is shutting down its Global Ascent macro fund[more]

    Komfie Manalo, Opalesque Asia: BlackRock, the world’s largest asset manager, has announced plans to shut down a macro fund, Global Ascent Fund, because of "headwinds facing the industry". The hedge fund, which makes bets on stock, bond and currency markets, will return money to investors. Ac

  4. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  5. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega