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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.

In the last two weeks, we heard of fund launches from DE Shaw (global macro); Jupiter (European Absolute Return Sicav); Connective Capital (global short equity); AE Capital (macro); new firm Oriel (Irish listed absolute return); Optima (farmland); and Stella Capital (real estate Shariah).

Legal & General Investment Management shut down its Japan equities hedge fund; and Cardiff-based Cadwyn Global announced to the Irish Stock Exchange that its hedge fund had been removed from trading and its shares delisted.

The Credit Suisse/Tremont Hedge Fund Index finished November up 2.11%, +17.53% YTD; All Edhec hedge fund indices were up in November and YTD, except for Short Selling; The Parker FX Index went down -0.18%, +0.52% YTD; And as the global HFRI Fund Weighted Composite Index showed a total return of 18.8% YTD, HFR's president Kenneth Heinz commented: "The industry is in recovery, but is not yet fully recovered."

It was reported that Appaloosa hedge fund had ma......................

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