Fri, Nov 28, 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 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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  4. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  5. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed