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In the week-ending 08 June 2012, it was reported that Crescent Point Group had partnered with Charles Stone, most recently of CastleBay Capital Management, to launch a hedge fund; former CQS portfolio manager John Park announced plans to launch his maiden hedge fund next month; Horizons Exchange Traded Funds and its affiliate AlphaPro Management launched two new black swan ETFs; and AlphaClone launched its first hedge fund replication ETF.

Last week also saw several fund closures with Former Lehman Brothers trader Allan Bedwick announcing he would shut down his $120m Asia hedge fund; Matrix Asset Management will shut down its New Europe UCITS fund after manager David Thornton left the firm; and Fortelus said it would liquidate part of its flagship fund following pressures from investors.

The HFRX Global Hedge Fund Index posted decline of -1.69% in May (1.52% YTD); The HFRI Fund Weighted Composite Index declined -1.6% (+2.5% YTD); The Greenwich Global Hedge Fund Index was down -1.48% (+2.30% YTD); The Bloomberg Hedge Funds Index fell -2.9% (-1.3% YTD); The Credit Suisse Liquid Alternative Beta Index was down 2.3%; The Index IQ Hedge Global Macro Beta Index was down -0.39% (+2.39% YTD); And the UCITS Index showed loss of -1.36% (-0.10% YTD).

Hedge funds performance dropped las......................

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