Sun, Apr 26, 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 16

Saturday, April 24, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from (new London-based FoHFs) Hilltop (All Weather); GAM (Ucits emerging markets); Strategic Investing (L/S mutual); Farema Capital (L/S); Artemis (FoHFs); Cheung Capital (gaming); Thesis (absolute return mutual); OM IM (global); Plural Capital (3 x offshore); Geribá Investments (maiden); Schroer Capital (healthcare); and Salus Alpha (special sits).

All EDHEC hedge fund Indicesexcept for Short Selling were positive in March, Emerging Markets (+4.48%) being the top performer; and the Scotia Capital Canadian hedge fund index was up 1.78%.

HFR said that the top hedge fund firms are assuming leadership in the industry recovery and that total AuM now stand at $1.67tn; Eurekahedge reported that hedge funds attracted net inflows of $2.83bn in March (its global hedge fund index is up 2.48% (est.), 2.14% YTD); and Credit Suisse found that the hedge fund industry had recovered 92% of financial crisis losses, as cautious optimism takes hold. Gottex’s assets slipped to $7.9bn in Q1 on asset-based wind-down and BlueBay’s assets rose 7.9%.

Hedge fund manager Gerard Griffin wound down his once $2.75bn fund; he and his partner Gerald Lucaussy joined GLG Partners, who said they will bolster its in-house expertise ahead of an expected surge in merger activity; Cairn Capital took over the management of Credaris’ Eur17m L/S fund; it was said that hedge fund clones had done relatively well during the crisis; Moore Capital is searching for longer-term investors after $5bn redemptions during the crisi......................

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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

  4. Update: Wall Street has strong feelings about Jon Corzine trying to make a comeback[more]

    From Businessinsider.com.au: Former New Jersey Governor Jon Corzine is thinking about starting his own hedge fund, according to the Wall Street Journal, and because of the way his last firm imploded, Wall Street has strong feelings about that. “Truth is the larger seeders would never give him money

  5. Opalesque Exclusive: Cybersecurity and hedge funds - A manager’s experience, Part Four[more]

    Benedicte Gravrand, Opalesque Geneva: Ruane, Cunniff and Goldfarb, Inc. used to have their own IT infrastructure. Todd Ruoff, Executive Vice President in charge of trading, operations and technology, was responsible for its maintenance. Then he started looking at outsourced providers a couple of

 

banner