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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 Thomas Funds (multi-asset market neutral); BNY Mellon AM (multi-asset global absolute return); Centaur Global (absolute return sports); St James's Place (UK Absolute Return); Hermes BPK (trading FoFs focused on CTAs); and Rothschild (UCITS-compliant FoHFs).
Plainfield Asset Management left its offices in Greenwich, CT, to move to Stamford, and is winding down, ready to start again. The firm’s assets fell from $5bn to $3.3bn and will be around $500m after money has been returned to investors. Melbourne-based TechInvest Pty Limited resigned as investment manager from the management of the TI Fund Series due to lack of resources; Ivy Asset Management, which BNY Mellon Asset Management is closing, is under investigation for advice it allegedly gave related to investing with Bernard Madoff, said WSJ.com; and Tiger Global shut its India office and may exit its investments there.
Greenwich Investable Hedge Fund Index was up 0.53% in February and +0.1%...................... To view our full article Click here
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