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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 Garanti Bankasi (Turkish assets); Artemis (strategic assets); Brevan Howard (series of Ucits III); HSBC Global (global bond market neutral); Belstar (2 x TALF); Octagon (quant macro); Courage Capital (corporate debt); Moore Capital (2 x run by Coffey); and CAAM (equity statistical arbitrage).
Australia's BT Global Return Fund closed, and Austin Capital Management, a FoHFs that lost money through Madoff, liquidated its principal funds.
HedgeNordic Index returned 1.05% in March (1.99% YTD);
EDHEC`s best index, Convertible Arbitrage, returned 2.58% (9.4% YTD), and the worst was Short Selling at -4.62% (1.3% YTD);
And Morningstar 1000 Hedge Fund Index rose 2.1% (-0.1% YTD).
HFR found the industry's assets were down to $1.33tn in Q1-09, with FoHFs experiencing more redemptions than in last quarter (the HFRI index is up 0.53% YTD); Eurekahedge's research saw net asset outflows of $16bn and the size of the industry now being $1.34tn (th...................... To view our full article Click here
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