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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 New Trend (US equity); SEB (hedge mutuals); Armstrong (multi-asset); Frey Quantitative Strategies (multi-strat FoHFs); Skystone (global L/S healthcare); Shenyin Wanguo (China); Salus Alpha (commodity arbitrage); Causeway (water); Paulson & Co (gold); Thames River (absolute return funds for Ken Kinsey-Quick); and ALPS Advisors and GNI Capital (L/S). HedgeMark launched as an independent managed accounts platform.
The Credit Suisse Tremont Hedge Fund Index finished October relatively flat at +0.13%, +15.11% YTD;
RBC Hedge 250 Index returned -0.25%, +17.20% YTD;
Barclay Hedge Fund Index slipped 0.20% (est.) in October, +19.76% YTD;
And Scotia Capital Canadian Hedge Fund Index finished up 0.85% on an asset weighted basis, 22% YTD.
According to Eurekahedge, hedge-fund assets rose $7.8bn in October, led by Europe, and according to Barclayhedge, assets invested in managed futures surged 9.6% in Q3, to $212.6bn from $197.4bn. But HFR reported that while there were si...................... To view our full article Click here
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