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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 Glazer Capital (M&A); new firm H2O Asset Management; Martin Currie (3 Ucits absolute alpha funds); Superfund (Japan); the Economic Time Bond Fund (fixed income L/S); KingFisher (global macro); and John Liu (quant China).
The Morningstar 1000 Hedge Fund Index fell 3.6% in Q2, down 2.2% YTD; and the Greenwich Composite Investable Index was down 0.85% in June, -1.50% YTD.
According to the latest AsiaHedge New Funds Survey, there were 53 new Asia-Pacific hedge funds raising a combined $2.13bn in assets in H1-2010; some FoHFs are still denying clients access to big chunks of their cash almost two years after the nadir of the credit crisis, said S&P Fund Services; last year, institutions for the first time accounted for an absolute majority of hedge fund AuM, AIMA told the FT; FoHFs house and bank UBP recorded net earnings of CHF103m in H1-10 and its AuM stabilized at CHF71.9bn; and the Osmium Special Situations Fund will close to new investors once it reaches $500m.
Seeder FRM Capital Advisors will invest in New York-based Varna Capital’s first hedge fund; Singapore's Target Asse...................... To view our full article Click here
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