Mon, Sep 26, 2016
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. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  2. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  3. Opalesque Exclusive: Modern investor tools (2): A platform that does the job for you[more]

    Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators. There is disruption in the investor part of the world of hedge funds, coming from platforms that can replace traditionally-run search and analysis. Here is one of them. L

  4. Hedge funds saw four consecutive months of outflows in August, but assets still up by $17.6bn YTD[more]

    Komfie Manalo, Opalesque Asia: Hedge funds witnessed four consecutive months of outflows with investor redemptions totaling $23.8bn as of end of August, data provider Eurekahedge said in its monthly report. But total hedge fund assets grew by

  5. Trend reversals lead to losses as managed futures drops 1.52% in August[more]

    Komfie Manalo, Opalesque Asia: Trend reversals in August have led managed futures traders to lose 1.52% last month according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 0.62% year to dat