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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 Ignis AM (absolute return); Illume Capital (multi-strat); HSBC (emerging markets UCITS fund); BlueMountain Capital (3 credit funds); Ironsides (event driven); Dreyfus (mutual fund with HF strats); ESAF and BAF (fund of UCITS III alpha funds); and Sirohi Capital (L/S equity).

The Australian Fund Monitors’ hedge fundIndex was up 0.11% in February, 16.74% in last the 12 months; Dow Jones Hedge Fund index returned positive numbers in March and YTD; Credit Suisse Liquid Alternative Beta Index's performance (1.02% in March, 1.83% YTD) suggested that hedge funds would finish Q1-10 in positive territory; UCITS Alternative Global Index was up 1.64% (1.35% YTD); HFRI Fund Weighted Composite Index +2.7% (est.) (+2.56% YTD), the highest gains since September; HFRX Global Hedge Fund Index returned 0.67% (est.), 2.31% YTD; Hennessee Hedge Fund Index advanced +3.05% (+3.50% YTD), underperformed rallying equity markets; Peregrine Prime South Africa hedge funds added 2.55% before fees; Newedge’s AlternativeEdge STTI was down 0.34% (-0.72% YTD), and the CTA Index up 2.51% (2.01% YTD).

Credit Suisse's annual hedge fund survey found that assets could hit $2tn......................

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