Tue, Apr 24, 2018
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 17

Sunday, May 02, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from GHF (2 credit funds); Highland Capital (All Cap Equity Value); LGT Capital (UCITS III accessing managed futures strategy); Private Advisors; EM Capital (ESG EM); Providence AM (credit opps); Lyxor AM and Martin Currie (China fund on Lyxor's Hedge Fund Managed Account Platform); and Checchi Capital (distressed). Cadogan Management liquidated its Japan FoHFs following poor performance.

The Parker FX Index was up 0.78% for March (0.80% YTD), the Greenwich Composite Investable Hedge Fund Index was up 1.52% (+1.59% YTD); and the Morningstar 1000 Hedge Fund Index returned 2.8% (est.), 1.6% YTD, and funds in the index saw inflows of $2.6bn in February.

Hedge fund industry returns showed their lowest beta level since 2004, said Credit Suisse/Tremont; the Charles Schwab Corp. will allow advisers to hold in custody additional alternative investments once again; Hedgebay reported that in the secondary market trading, the highest number of trades had been completed so far in 2010; BlackRock said investors had slowed down on 're-risking' activities and shifted to passive funds; the combined fortunes of the top three hedge fund managers in the UK grew by GBP1.15bn last year, according to The Sunday Times Rich List 2010; Guillaume Rambourg is to return to a fund management role at Gartmore, and the firm’ shares jumped after the news.

The following trends were noted: BNY Mellon/Greenwich Associates said in a white paper on convergence between traditional invest......................

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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its