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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 Genuine Trading Solutions (green CTA); Wolver Hill (pan Asian FoFs); Spruce Point (North American small/mid cap); Quan (L/S small-cap tech); Natixis (multi-strat absolute return mutual); FrontPoint (Asia event driven); Falckon Capital (energy); Kotak Mahindra (India IPO); Prescience (equity L/S); 3Sheep (local China); and Yinglong (local China). Helm Finance SGR was placed under forced liquidation by Italy's Finance Ministry after the country’s regulator found it had inadequate management and controls.
The Dow Jones hedge fund indices were up in July-09 and YTD (except for Equity Market Neutral);
The Credit Suisse Alternative Index Replication Indices finished up in July, suggesting a positive month for hedge funds;
The Newedge AlternativeEdge Short-Term Traders Index was down 0.17%, -0.97% YTD;
The HFRX Global Hedge Fund Index was up 1.59%, +7.25% YTD;
Peregrine Prime’s South Afric...................... To view our full article Click here
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