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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 PCE Investors (liquid macro); FX Concepts (currency UCITS); Minsen, Shangya, Huiding Zixia (domestic China); Ospraie (equity + commodity); Differential Investment Partners; Rydex SGI (L/S commodity); Thames River (Africa); Sabre (managed futures); and Blacksquare (UCITs FoFs).

As for start-ups, a former Morgan Stanley team set up a company under the umbrella of Dutch global macro fund Worldview to focus on strategic asset allocation for institutional clients; a former AIG manager launched VOC Capital in London to offer commodities futures absolute return strategies; the Active Trader Forum hedge fund hotel has started providing desks for jobless NY traders; and Ronnie Wu, CIO of Penjing Asset Management Ltd is to start a pool of money dedicated to seeding new hedge funds.

JWM Partners closed its Relative Value Opportunity II fund and JWM’s London chief Adrian Eterovic is planning a new fund.

- The Credit Suisse Alternative Index Replication indices were flat in June but positive YTD; - Newedge CTA Index -1.77%, -4.51% YTD, Short-Term Traders Index -0.37%, -0.89% YTD......................

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