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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 Voras Capital (global macro + credit opps); Morgan Stanley / P. Schoenfeld (event driven Ucits); Jabre Capital and Carne Global (first in a series of UCITS funds); Anchor Capital (Long/Short); Strategic Investments Group (Ucits fund investing in alternative strategies); and Legg Mason (global macro Ucits).

This month alone, we also heard of UCITS hedge fund launches from Morgan Stanley, Reech Aim and GWM. In July, Martin Currie, NewSmith, John Paulson, Barton Biggs, Gottex, Northern Trust, Henderson, Neuberger Berman, Natixis, all reportedly went down the UCITS road. And the number of UCITS III hedge funds continued to grow during Q2-2010 to almost 500 single manager funds and more than 40 FoHFs, an increase of 19% and 40% respectively. But UCITS are 'not a magic potion that makes the fund in question incapable of failure', said Ogier.

Eddington Capital Management is to close down after redemptions caused assets t......................

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