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By Benedicte Gravrand, Opalesque London: A roundup of last week’s hedge fund launches, closures, index performance, trends, regulatory, legal and financial events pertaining to the alternative investments world.
Last week, we heard of fund launches from Boaz Weinstein, Thresher, Rampart, GFX, GAM, Resolve Capital, ING, Majedie, SEB, Triogem, Christopher Pia, NetWide, ILF and IGS, Aduro Asset Group, Mark Devonshire, Grail Advisors, and Cadiz. Eze Castle rolled out a web version of ‘hedge fund hotel’.
Sprott and GMB Capital closed a fund each.
The BarclayHedge Fund Index was up 0.68% (est.) in December, -21.30% in 2008;
The Barclay CTA Index was up 1.05% (est.) and 13.94% in 2008;
The Credit Suisse/Tremont Hedge Fund Index went down 0.03%, and -19.07% for the year;
The Greenwich Hedge Fund Index ended the year with 1% gain, down 15.7% in total;
All Dow Jones Hedge fund indices were down for 2008;
The Eurekahedge HF index returned +1% in December, -12.3% in 2008.
Eurekahedge reported a $350bln loss in hedge fund assets in 2008; HFN said that assets had gone down an additional 10.6% in December to $1.84 trillion (est.), and that the industry had lost $1.047tln (36%) in 2008; TrimTabs and BarclayHed...................... To view our full article Click here
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