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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 East Coast (hedge fund with cut-rate fees); new firm Ridley Park (new fund); Samena (seeding fund); M&G (global macro Ucits hedge fund); ADM (Kazakhstan restructuring); new firm Headlands Technologies (computer-driven); Normura (UCITS III interest rate); Kilometre (Asian L/S equity); new firm Alithion (Japan L/S equity); Matrix Money (UCITS convert arb and special sits/event driven); GCI and Orix (CTA); Edoma (global equity); Boyer Allan (EMEA and Ucits version of flagship); Ferox (UCITS convertible); new firm and Archeroak (new hedge fund).
The HFRI Fund Weighted Composite Index was down 2.26% (est.) in May, +1.28% YTD, and it was said that May was the worst performance month since Nov 2008;
The Hennessee Hedge Fund Index declined -2.99%, +1.57% YTD;
The Barclay CTA Index returned -0.36% (est.), -0.59% YTD, the Barclay Hedge Fund Index -2.83% (est.), +1.52% YTD;
The UCITS Alternative Index Global was down 1.70%, -0.11% YTD;
The Credit Suisse/Tremont Hedge Fund Index went down 2.73% (est.), +1.52% YTD;
The Greenwich Global Hedge Fund Index declined -...................... To view our full article Click here
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