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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 Schroders (Ucits HF platform); PMA Capital (India); Siitnedif (Ucits version of L/S fund); JM Advisors (same strategy as both LTCM and JWM); Psigma (US L/S Equity Directional); Clear Investments (L/S); Senrigan Master Fund; and Black’s Link (Asian mergers and rights offers).
Silver Creek Capital is restructuring its three FoHFs before closing them and starting over with two new funds that separate liquid and illiquid assets, Pionline.com reported.
All of EDHEC’s Alternative Indexes (except for short selling) posted gains in September; the Barclay CTA Index went up 0.93%, 0.04% YTD; and the Morningstar 1000 Hedge Fund Index was up 7.4% during Q3 and 17.2% YTD.
After four consecutive quarters of net withdrawals, hedge funds recorded a net asset inflow in 3Q-09 (of $1.1bn) and two-thirds of funds experienced net inflows, according to HFR.
Several leading hedge funds, including Tudor, Jabre and SAC are improving redemption terms for in...................... To view our full article Click here
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