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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 newly formed Little Wolf Capital (multi-strats FoHFs); CQS (distressed debt); Altegris Advisors (managed futures); Arsago Capital (Europe's first Ucits Latin America fund); Soroban (hedge fund); GAM (L/S emerging markets Ucits); Cheyne Capital (European event driven); BlueBay (emerging-market and high-yield debt funds); Clareville Capital (Ucits version of UK L/S equity strategy); James Pallotta (new fund).
Boston-based Theory Capitalclosed and wound down its small fund after less than a year, in part because of difficulty in raising new capital. Data provider HFR said hedge fund industry liquidations had returned to pre-crisis levels.
The Newedge CTA Index was up 3.49% in August, +4.76% YTD;
The RBC Hedge 250 Index returned +0.17%, +0.38% YTD;
The Barclay Hedge Fund Index went down 0.29% (est.) (+1.69% YTD), but the equity short bias and arbitrage strategies were profitable; and the Barclay CTA Index gained 1.48% (est.), 0.41% YTD;
The Lyxor Global Hedge Fund Index returned +0.05%, +0.8% YTD;
And Scotia Capital’s Canadian Hedge Fund Performance Index was up 3.71%, 5.39% YTD (asset weighted), and 2.09%, 2.94% YTD (equal weighted).
The top 10 global hedge fun...................... To view our full article Click here
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