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From Benedicte Gravrand, Opalesque London: A roundup of last week’s launches, closures, trends, regulatory and legal events concerning the alternative investments arena.
Marshall Wace, Blossom I.M., Unigestion, Roxbury, SHK Financial together with Algebra Capital, Armajaro, Mitsubishi Asset Brains, Telesis, Diapason Commodities Management together with Templar Group, Venator Capital, Swiss Capital A.I., Allianz Global Investors, FCMB toghether with INTL Consilium, Geomatrix and SYW announced new fund launches.
A Eurohedge survey showed the rate of European hedge fund launches slowed in H1 to the lowest number since 2002, and that AUM was up $10.8bln. Carbon360’s latest report revealed that single manager hedge funds’ AUM could really be at $3.37tln.
Morningstar found that commodity prices and market volatility had fuelled Q2’s hedge fund returns.
The energy trader SemGroup filed for bankrupty the previous week, citing a $3.2bln loss in the futures market, and Carlyle Group announced it would liquidate its only hedge fund (Blue Wave).
Bank of China bought 30% of Swiss hedge fund Heritage; Channel Islands’ Dawnay Day Milroy announced a management buyout and a rebranding as Corazon Capital Management (the firm later announced plans to launch a leveraged absolute return fund); India`s JM Financial sold a 12% fund unit stake to three hedge funds;...................... To view our full article Click here
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