Wed, Sep 2, 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 12

Saturday, March 27, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from Matrix (Ucits III version of Lazard AM's convertible arbitrage HF); Liontrust (credit); Tennenbaum Capital (distressed debt); and UBP (fund of managed accounts).

Morningstar said its 1000 Hedge Fund Index was up 0.3% (est.) in February and January outflows amounted to more than $2bn; Hedgebay Trading Corporation’s February index revealed a first trade above NAV on the hedge fund secondary market in almost 2 years.

BlackRock is launching a reverse tender for investors in its £111m Absolute Return Strategies fund of hedge funds, which will reduce the company's share capital by 7.5%, said FTAdviser; RAB Capital posted a net loss of $4.7m for 2009; Man Group is currently scouting investments, acquisitions and distribution deals in the U.S. and has spoken with firms including SAC and GLG (the group’s yearly estimated profit and FuM fell following AHL's negative performance in December); Swiss alternative investment company ALTIN AG completed the share buyback initiated last year as part of its buyback program of up to 10% of the share capital; hedge fund manager Doug Kass told Reuters his bearish calls in recent months that the benchmark S&P500 Index would decline in the double-digits proved to be wrong; and Deutsche Bank, seeing better investors’ risk appetite for risk, is considering launching exchange traded funds (ETFs) on individual hedge fund strategies.

As for institutions, the Pennsylvania Public School Employees' Retirement System Harrisburg approved an increase in its allocation to absolute-return strategies from 7.5% to 10%; Denmark’s Unipension dropped its FoHFs investment over lack of diversification and transparency; and Bahrain’s $14bn sovereign wealth fund is considering making its first ever allocation into the hedge fund sector.

The following trends were noted: investors are flocking to hedge funds ......................

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. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  5. Opalesque Exclusive: Foundation returns slide, but commitment to alternatives remains[more]

    Bailey McCann, Opalesque New York: Private and community foundations posted returns of 6.1 percent for the 2014 fiscal year (January 1 – December 31, 2014), down from the 15.6 percent return reported for FY2013, according to the latest Council on Foundations–Commonfund Study of Investment of End

 

banner