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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 launches from Copia Capital, which moved its operations away from FrontPoint Partners and launched a market neutral equity fund; Brinker Capital (absolute return portfolios in separately managed account format); Formula Investing (hedged); Implied Capital (market neutral); Magnetar (event-driven); Quincy Cass (special sits); Blacksquare (absolute return multi-manager); and new firm Foxley Asset Management.
The Parker FX Index was up +0.14% in May, +1.39% YTD;
Hennessee reported that hedge funds had performed their 4th worse first yearly half (+0.20% in H1-10);
The Lyxor Global Hedge Fund index went down 0.6% in June, +0.1% YTD;
The Newedge CTA Index returned -0.19% in June, +1.75% YTD and Traders index -0.05% (+0.83% YTD);
The Greenwich Global Hedge Fund Index was down 0.84% in June (+0.11% YTD) as managers limited losses while markets continued to fall;
Eurekahedge said that hedge fund returns were flat in June (-0.50% est., -0.02%YTD) as managers steered cautiously through volatile markets;
The Australian Fund Monitor's index returned -0.77% (est.) in June, -1.20% YTD, as market neutral managers lead the way;
The RBC Hedge 250 Index returned -0.94% in June, -0.56% YTD;
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