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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 investment’s world.
Last week, we heard of fund launches from Naisscent (3F); Superfund (multi-strat); Point Defiance (small/microcap); Quasar (CTA); Mudrick (distressed); Lightbox (black box); Colbeck (L/S credit + secured debt); Dalton (re-launch of distressed debt fund); EIP (convertible bond); Schroders (currency); Old Mutual (Ucits); E Fund Management (China); and Red Capital (quant).
The CASAM CISDM Equal Weighted Hedge Fund Index was up 2.32% in March, 0.59% YTD;
Australian Fund Monitors main index 7.11% in March;
Credit Suisse Long/Short Equity Replication Index up 0.14% in April, 1.89% YTD;
Three of five Down Jones Indexes strategies posted drawdowns;
And according to HFRI, hedge funds posted the strongest gain since 2000 as its Fund Weighted Composite index went up 3.8% and 4.2% YTD.
Odey Asset Management (which was up 28% in April) and Lansdowne Partners gained from Barclays share price rise; Einhorn’s Greenlight hedge fund purchased auto debt; Bridgewater adopted a "safe portfolio" composition for a possible depression; and Hong Kong-based Income Partners is to allow new redemptions from its credit hedge fund for the first time since October.
According to WSJ.com, FoHFs have joined the ranks of invest...................... To view our full article Click here
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