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In the week-ending February 3, 2012, it was reported that Deutsche Bank is preparing to launch a fund to snap up investors’ illiquid of damaged holdings in hedge funds; London-based Ruby Capital Partners launched a pure litigation fund in the UK; two former senior traders at Credit Suisse revealed their plan to launch a stocks and derivatives hedge fund this year; Strategic Value Partners raised $918m for its largest distressed-debt fund, Strategic Value Special Situations Fund II, that will invest in underperforming assets; Todd Edgar will start the Atreaus Capital hedge fund in May; Legg Mason Global Asset Management has launched Permal Hedge Strategies Fund, a fixed income focused multi-manager, multi strategy fund of hedge funds; Ader Investment Management has launched Accelerator Fund Partners, an innovative funding platform for hedge funds; U.S. systematic manager Monsoon Capital started to offer its model-driven Asian systematic trading hedge fund strategy to European investors; and ML Capital will launch a Global Macro UCITS fund and Systematic Emerging Market UCITS fund using the MontLake Platform.
Mark Cuban’s Galileo fund that bets on sports closed down; and one of London’s longest-running hedge fund managers, Boyer Allan Investment Management, is finally shutting down.
All strategies in the Greenwich Investable Hedge Fund Indices were down in 2011 except for arbitrage and long/short credit;
The Parker FX Index up +0.49% in December (-2.62% in 2011);
The Opalesque A SQUARE Index lost -0.93% (est.) (-7.14% in 2011):
And the Credit Suisse Liquid Alternative Beta Index was up +1.34% in January.
Gottex Fund Management’s funds returned positive or "nearly flat results" in 2011 but assets fell 10% in Q4; the Friedberg Global-Macro Hedge Fund was up 40.9% in 2011 as it shifted its strategy in order to adapt; Blackstone Group posted a -12% decline in Q4 earnings but assets rose 25% as at end-2011; and Lansdowne Partners flagship UK fund returned 5.7% in January, in a sign the industry is benefiting from a rebound in financial markets.
CTA shop Typhon Capital Management hard-closed its Tauros Livestock Strategy to new and additional investment after outpacing subscription; Majedie Asset Management closed its Tortoise hedge fund to new investors as assets approached the £350m mark
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