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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 City Financial and Clontarf Capital (Asian fund of funds); Henderson (agricultural hedge fund); Kite Lake Capital (special sits fund); Threadneedle (UK Absolute Alpha Fund); Kurt Billick (Bocage Global Resources fund); new firm Crinan Capital (Scotland’s first computerised hedge fund business); Javelin (L/S hedge fund); C12 (fixed-income multi-strategy fund); ML Capital (Ucits platform); RWC Europe (Ucits structure for US absolute alpha fund); Greg Lippmann and Fred Brettschneider (new hedge fund); Lance Futures (hedge and managed futures funds); and GAM and DCI (market neutral credit Ucits).
The HFRX Global Hedge Fund Index showed gain of +0.17% (est.) in August, +0.18% YTD;
Nara Capital’s Ucits Alternative Index Global returned 0.14%, -0.14% YTD;
2n20’s Ucits HFS Index was up 0.43% due to solid gains in first three weeks, and 2.69% YTD;
Lyxor’s Hedge Fund Index was up 0.05%, 0.84% YTD;
The HFRI Fund Weighted Composite Index returned +0.38% (est.), +1.65% YTD, with strong performance in macro and relative value;
Hedge funds declined -0.55% in August, but w...................... To view our full article Click here
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