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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 Kenmar and Royal Bank of Scotland (first Ucits commodity FoFs); Latus Capital and Cenario Capital (volatility fund); KTOs Capital (currency); Cantab (Newcits version of macro strat); and fund manager Kevin Dougherty quit Soros-seeded Pharos Financial Group to set up an emerging market hedge fund.
The Barclay Hedge Fund Index gained 2.02% in October, +7.24% YTD after two strong months of gains;
The Dow Jones Credit Suisse Hedge Fund Index went up 1.92%, 8.02% YTD;
The Lyxor Global Hedge Fund Index returned 1.4%, lifting YTD gains to 4.3%;
The Scotia Capital Canadian Hedge Fund Index was up 3.69%, 13.18% YTD;
The HFRX Global Hedge Fund Index confirmed returns of 1.12%, 3.05% YTD;
The Eurekahedge Hedge Fund Index went up 2.27%, 7.33% YTD;
The RBC Hedge 250 Index returned 1.35%, +3.93% YTD;
The Barclay CTA Index gained 1.91%, 4.53% YTD;
HFN’s main index returned 2.23%, +7.43% YTD, and reported that hedge fund assets had surged 3% (est.) to $2.410tln in October.
Liontrust re-launched itself, two years after key hedge fund managers quit; Goldman Sachs said it will no longer act as the custodian and clearing agent for small hedge funds with less th...................... To view our full article Click here
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