Fri, May 29, 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 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. Opalesque Exclusive: New TMT hedge fund adopts the long-term approach[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Adam Parker founded Center Lake Capital LLC in New York in November 2014. Before that, he was portfolio manager at Point State Capital (the successor fund to Dr

  2. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Iceland’s failed banks face a tax that targets the lenders’ estates as the government prepares to unveil its plan for exiting capital controls in t

  3. Investing - Nelson Peltz’s Trian Fund Management reduces position in Legg Mason, Biotech investors up big amid bubble talk, Hedge funds increase exposure in healthcare[more]

    Nelson Peltz’s Trian Fund Management reduces position in Legg Mason From Octafinance.com: Trian Fund Management has filled a SC 13D/A form regarding Legg Mason, Inc. Per Nelson Peltz’s Trian Fund Management’s filing, the filler reported decreased stake in the company by -11.05% to 11,03

  4. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AM’s latest Weekly Briefing, in t

  5. Billionaire hedge fund investor Odey says April 'bloody', has cut risk[more]

    From Reuters/Yahoo.com: Billionaire hedge fund manager Crispin Odey has cut risk and leverage following a stunning 19.3 percent loss in his 3.1 billion euros (2 billion pounds) Odey European Inc fund in April, a letter to investors seen by Reuters showed. Describing the month as "bloody", Odey

 

banner