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Benedicte Gravrand, Opalesque London: A roundup of the week's hedge fund launches, closures, index performance, trends, regulatory, legal and financial events pertaining to the alternative investments industry.
Last week, we heard of fund launches from Pirate Capital (stressed/distressed companies); Goldman Sachs (absolute return Ucits, in Spain); Auriel Capital (equity market neutral); Nine Masts Capital (arbitrage, Asia); Sursum Partners; Athamas (forestry and carbon); Pierre-Henri Flamand (new hedge fund firm); Coe Capital (long-short mid-cap equity); and Bid & Ask which is rebranding to Stella Asset Management (derivatives).
Brevan Howard's first Ucits fund closed due to lack of investor interest. It was noted that hedge funds are finding it more difficult than traditional asset managers to raise money for Ucits funds.
The HFRI Fund Weighted Composite Index was up 0.52% (est.) in February, down 0.18% YTD;
NARA's UCITS Alternative Global Index returned +0.24%; -0.29% YTD;
The Credit Suisse/Tremont Hedge Fund Index was up 0.87% (est.), +1.04% YTD;
The Hennessee Hedge Fund index advanced +0.96%, +0.42% YTD, still outperforming stocks YTD due to asset protection in January;
The Greenwich Global Hedge Fund Index returned +0.68, -0.1% YTD;
Lyxor's investable Global Hedge Fund index was up 0.3%, -0.09% YTD;
Eurekahedge said its Hedge Fund Index returned +0.52% (est.) and -0.26% YTD (as the MSCI World I...................... To view our full article Click here
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