Thu, Jul 30, 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 13

Saturday, April 03, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from Thomas Funds (multi-asset market neutral); BNY Mellon AM (multi-asset global absolute return); Centaur Global (absolute return sports); St James's Place (UK Absolute Return); Hermes BPK (trading FoFs focused on CTAs); and Rothschild (UCITS-compliant FoHFs).

Plainfield Asset Management left its offices in Greenwich, CT, to move to Stamford, and is winding down, ready to start again. The firm’s assets fell from $5bn to $3.3bn and will be around $500m after money has been returned to investors. Melbourne-based TechInvest Pty Limited resigned as investment manager from the management of the TI Fund Series due to lack of resources; Ivy Asset Management, which BNY Mellon Asset Management is closing, is under investigation for advice it allegedly gave related to investing with Bernard Madoff, said WSJ.com; and Tiger Global shut its India office and may exit its investments there.

Greenwich Investable Hedge Fund Index was up 0.53% in February and +0.1% YTD.

John Paulson started the year overseeing $32bn in hedge fund assets, third in the world behind JPMorgan Chase and Bridgewater, and is taking in new cash, raising the question of how much money is too much for a hedge-fund manager, commented Bloomberg; and a PerTrac 2009 hedge fund database study showed a slight increase in assets but fewer funds.

Hedge fund managers Man Group, Winton, BlueCrest reportedly made millions from collapse of the pound; and hedge-fund returns are worse than industry figures would suggest because many funds on the brink of failure stop reporting on their performance, according to a new academic study.

UK ......................

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. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

  2. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  3. Launches - Ex-Brevan Howard star Rokos builds team for new fund, Former Och-Ziff manager’s firm starts health care hedge fund, Industry veterans launch commodity investment firm Aron Capital Management, Nikko Asset Management launches two UCITS funds, Capital Group plans to debut Asian investor targeted fund[more]

    Ex-Brevan Howard star Rokos builds team for new fund From WSJ.com: Chris Rokos, a former star trader at Brevan Howard Asset Management LLP, has hired an economist from Nomura to join the team he’s assembling for his much anticipated hedge fund launch. Mr. Rokos, whose firm is due to b

  4. Institutions - Pension fund dismisses Texas consultant, Rhode Island pension fund gets 2.2% investment return, far below assumed rate of 7.5%, New Jersey pension investments see a drop-off in returns[more]

    Pension fund dismisses Texas consultant From Sandiegouniontribute.com: The county retirement board on Thursday terminated the Texas consultant who was given the reins of the $10 billion pension fund, and whose investment picks left many employees and retirees feeling taken for a ride.

  5. SWFs - Sovereign wealth funds paid around $14 billion in fees[more]

    From SWFinstitute.org: When it comes to the financial sector, asset management is one of the most profitable industries in the world. The Boston Consulting Group put out a 2014 figure saying there is US$ 74 trillion worth of professionally-managed assets. One of the fastest growing institutional inv

 

banner