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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 new firm Branch Hill Capital (hedge fund); new firm Cosyne Capital (volatility); ex-Goldman quant Ray Iwanowski; Paridon Asia Pte (Asia macro); Sandell (Ucits III merger arbitrage); Turcan Connell (absolute return); Seedling Capital (hedge fund); Eaton Vance (global macro absolute return); Canning Park Capital (Asian opps); Global Capital (Iraq hedge); Black Lake (L/S emerging market); Pictet (UCITS China hedge); R. G. Niederhoffer Capital (CTA); MF Global (managed futures); and Credit Suisse’s commodities team left to form a hedge fund backed by Blackstone.

John Botti closed down his $402m Emrose Capital fund due to lack of confidence and recent 'substandard results', said HFAlert.com; and Boyer Allan is to close its $18m Japanese equities hedge fund and reinvent it with an emerging markets focus. Merrill Lynch predicted that the hedge fund closure rate may rise to 20% on lack of capital; and there were 54 closures of fund of hedge funds (FoHFs) during Q2-2010 according to Hedge Fund Research, but the ......................

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