Sat, Feb 24, 2018
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 11

Saturday, March 20, 2010

Kirsten Bischoff, Opalesque New York:

Last week, brought news of fund launches from Salus Alpha (the equities focused Salus Alpha RN Special Situations Fund), newly launched Chater Capital (an Asia-Pacific, event-driven fund from Scoggins Capital alum Kevin Chan), a financials industry focused fund from former Barclays credit traders Rupesh Tailor and Jose Mosquera, and a “soon-to-be-expected launch” as Dan Siritunga leaves activist firm Atticus (Siritunga’s expected launch has generated buzz even prior to being named).

Listed firm Threadneedle explores launching 2 absolute return funds, Neuberger Berman plans to offer a London listing for a distressed debt fund, and HSBC launches a market neutral European UCITS fund. And finally, the focus on UCITS vehicles continues (quite literally), with the Focus Investment Group’s announcement in an Opalesque Exclusive that the firm will launch the Focus Liquidity UCITS Fund a multi-manager, fund of UCITS funds in 2Q10.

Norwegian hedge fund Norden Absolute Energy has closed after decreasing 2.69% in 2009, and Renaissance Capital’s new CEO team (Bob Mercer and Peter Brown) made news after making public the firm’s considerations to close the only two funds into which the firm accepts outside investments (Renaissance Institutional Equities Fund and Renaissance Institutional Futures Fund), after the funds’ combined assets shrank from $30bn in 2007 to $6bn in 2010.

February Index results came in as follows: HFRX Absolute Return Index up 0.22% (est.) in February, 0.36% (est.) YTD Barclay Hedge Fund Index gains +0.78% in February (+42% YTD) RBC Hedge 250 index returned 0.40% in February 2010, 0.30% YTD Credit Suisse/Tremont Hedge Fund index posts positive February returns, up 0.68% for the month (0.85% YTD) Scotia Capital Canadian Hedge Fund Performance Index finishes Fe......................

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. Art & Motion launches collectible car alternative investment vehicle[more]

    Komfie Manalo, Opalesque Asia: Luxembourg-based Art & Motion has launched a new investment vehicle dedicated to vintage cars and exceptional high-quality vehicles as this collectible market has grown exponentially the turn of the centu

  2. Opalesque Exclusive: Global Sigma captures February's long-vol trade[more]

    Bailey McCann, Opalesque New York for New Managers: Florida-based Global Sigma rode February's volatility to new highs. The firm's AGSF strategy is up +2.8 percent through February 16 and +4.2 percent YTD a

  3. Institutional Investors - Hedge funds regain their appeal for a $57 billion asset manager, Private credit strategies in stratosphere[more]

    Hedge funds regain their appeal for a $57 billion asset manager From Bloomberg.com: With volatility back on the radar, one of the Nordic region's biggest asset managers is considering relying a bit more on hedge funds to help oversee his portfolio. Mikko Mursula, the chief investment off

  4. Investing - All aboard for hedge funds as trade tide lifts shipping, Hedge funds pile into Time Warner in bet on merger success[more]

    All aboard for hedge funds as trade tide lifts shipping From Reuters.com: Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing back in a bid to profit from growing global trade flows. Around 90 percent of traded goods by volume are tran

  5. Investing - Hedge funds turn short on tech just as stock rally takes off, After biggest short, speculators slash bearish US bond bets as supply deluge looms[more]

    Hedge funds turn short on tech just as stock rally takes off From Newsmax.com: A key group of investors has just missed out on the biggest tech-stock rally since 2014. Hedge funds and other large speculators turned net short on Nasdaq 100 Index futures for the first time in 21 months, ac