|
|
Benedicte Gravrand, Opalesque London: Last week, Talisman and Cambridge Place, Conservative Concept, Arcadia, Jay Hatfield, Diamond Notch, Aurarian, Resolution, Argos, Hegemony, UBS, Noroton, VCM, Jeffrey Larson and Oranda announced new fund launches. The highlight of the week, however, came from John Paulson, who announced he would start a hedge fund to provide capital to financial firms hurt by mortgage write-downs.
Excellence (Tel-Aviv) closed its GEAM hedge fund, Dutch hedge fund Mercurius was said to be undergoing voluntary liquidation, Absolute Capital closed its Mallorca office and reported a loss of Eur32.9m and Crosby A.M. stopped redemptions from the Forsyth fund.
The hedge fund industry is growing more slowly and so is the size of its assets: HFR reported that the flow of capital into hedge funds, in Q2 2008, had slowed to their lowest quarterly level since Q4 2005 and that allocations had shifted from relative value to macro strategies. The overall industry assets are now up to $1.931tln. Hedge fund investments in Japan were reported to have gone down 10% over the past 6 months, Singapore fund management assets grew 32% last year, boosted by hedge funds and Hong Kong`s 1H mainland investment were up 95%, raising ‘hot money’ questions
Ameriprise Financial acquired J.&W. Seligman, Evercore acquired a 50% stake in Pan-Asset Capital, Nippon Life bought a stake in Russell Investm...................... To view our full article Click here
|
|
RSS
