|
|
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 Samena (Japan); Cypress Lane (Asia); Ospraie (2 x commodity); Duet (MENA); QPRC (patent); Blue Marble (clean-tech); UBP (FoHFs); and Everest Investment Advisors.
$3bln Satellite A. M. closed after withdrawals; Schonfeld Group shut its asset management arm; and Blackstone cancelled its plan for an Asian event-driven hedge fund.
The Newedge Alternative Edge Short Term Traders Index was down 0.97% in April, -2.37% YTD, and the CTA Index -1.96%, -4.01% YTD;
Credit/Suisse Tremont Hedge Fund Index 1.68%, 2.55% YTD;
Hennessee Hedge Fund Index 3.84%, 5% YTD;
HFN Hedge Fund Aggregate Average 4.3%, 4.5% YTD (and estimated hedge fund assets increased by +0.29% to $1.697tln);
Barclay Hedge Fund Index 5.05%, 5.43% YTD;
Eurekahedge Hedge Funds Index 3.2%, 4.1% YTD (biggest monthly gain since January 2006);
Australian Fund Monitors main index 3.52% (est.), -7.93% yoy;
Barclay CTA Index -0.51% (est.), 2.34% YTD - following “directionless markets and conflicting trends.”
WSJ.com reported that a group of hedge funds that focus mostly on short investments were getting hammered by a big pop in stock markets over the past two months;...................... To view our full article Click here
|
|
RSS
