Fri, Oct 24, 2014
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

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t