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Komfie Manalo, Opalesque Asia: 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 C12 Capital Management (new fund); Shengbei Guo’s GSB Podium Advisors (GSB Statistical Arbitrage Fund statistical arbitrage); new firm Chartwell Trading (event-driven); Natixis (Ucits III): Oakley Alternative Investment Management (FoHF); Fondaco SGR SpA (L/S Equity and absolute return); Skandia Investment Group (SIG) re-launched Skandia Ethical Fund; Credit Suisse Group AG to spin-off two credit hedge funds; and Neuberger Berman (Ucits global thematic).

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VR Capital Group Ltd. closed two funds valued at $654m because of poor performance.

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Hennessee’s indices declined in June. The Hennessee Hedge Fund Index fell -1.35% in June (+0.20% YTD) HFRI Fund Weighted Composite Index, declined -0.18% in June, -0.18 YTD Lyxor Global Hedge Fund Index returned-0.59% in June, +0.09% YTD HFRX Global Hedge Fund Index declined by -0.94% (est.) in June, -1.20% YTD Ucitsindex.com: UCITS HFS Index dropped -0.15% in June, up 1.89% YTD Nara Capital's UCITS Alternative Index Global fell -0.69% in June, -0.80% YTD Credit Suisse Liquid Alternative Beta (LAB) Index returned -0.4% in June, 0.12% YTD.

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International financial services firm Rothstein Kass sa......................

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