Sat, Aug 27, 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 18

Sunday, May 09, 2010

Benedicte Gravrand, Opalesque London:

Last week, we heard of fund launches from Vector (energy); Merrion (UCITS European L/S equity); Aberdeen (Ucits fund of absolute return funds); Pardus Capital (debt); Evolved Alpha (multi-strat); Dalton IM (high yield mortgage); IKOS (Ucits version of currency fund); and Auldyn Partners (global macro). HSBC wound up a listed FoHFs.

The HFRX Global Hedge Fund Index was up 0.80% (est.) in April (+2.45% YTD); Credit Suisse Liquid Alternative Beta Index went up 1.14% (2.99% YTD); and the UCITS HFS Index gained 0.90%.

HFR reported that capital flows to Asian hedge funds had stalled in Q1-10, reflecting continued concerns about strategic and regulatory risks: total assets invested increased to $77bn and the number of Asian hedge funds declined modestly to 1,036; it was also reported that Hong Kong hedge funds DragonBack saw its assets cut by 85%, and Northwest double to $680m.

During Q1-10, BlackRock's Absolute Alpha’s AuM topped GBP2bn; Och Ziff’s AuM increased by $2.5bn to $24.8bn; GLG Partners’ AUM was up 6.7% to $23.7bn; Fortress' AuM was down to $30.2bn. And according to Anbima / Bloomberg, Brazilian investors poured 3.4 billion reais ($1.9 billion) into hedge funds last month, the most since December.

Larch Lane Advisors and PineBridge Investments expect to raise an additional $600m by year end for their hedge fund-seeding vehicle; hedge fund industry veterans set up a hedge fund incubator called Lion's Path Capital; Toscafund is considering setting up new business lending capital to banks, and offered mortgage borrowers golden goodbyes; and First Opportunity Fund is to be delisted from the NYSE following its decision to invest in hedge fu......................

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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new