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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 Dreyfus / Newton (world allocation fund with emphasis on absolute return); Matrix (pan-Asian L/S UCITS); E Fund Management (China); Man (portfolio combining L/S equity with AHL); Sabre (UCITS III version of arbitrage fund); T&D (Japanese L/S); Navellier Hedge (FoFs); QQP (L/S equity SIF); new firm Warwick Capital Partners (European distressed and special sits); Carina Capital (global macro). Swedish hedge fund WR Norden had to close down.
The RBC Hedge 250 Index returned 0.90% (est.) in April, 2.81% YTD;
The Barclay Hedge Fund Index was up 1.31%, 4.58% YTD;
The Credit Suisse/Tremont Hedge Fund Index confirmed return of 1.24%, 4.37% YTD;
All Edhec indices were positive in April except for Short-Selling (-8.5% YTD), Distressed Securities was the best performer (2.49%, 8.3% YTD);
The Scotia Capital Index (Asset Weighted) went up 1.02%, 4.37% YTD;
The Barclay CTA Index returned 0.37% (est.), -0.08% YTD;
Emerging markets hedge funds navigated sovereign crisis gaining 4.7% through April reported HFR;
And Hedgebay's hedge fund Secondary Market Index continued to fluctuate and fell for first time in 5 months.
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