Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Review of hedge fund launches, closures, trends, regulatory and legal events - week 51

Friday, December 24, 2010

Benedicte Gravrand, Opalesque Geneva: A roundup of the week’s hedge fund launches, closures, index performance, trends, regulatory, legal and financial events pertaining to the alternative investments industry – up to 23rd December.

Last week, Asia-based Sparx, Cosmo and PMA together are planning to launch a pan-Asia hedge fund.

Morningstar 1000 Hedge Fund Index went down -0.99% in November, 5.89% YTD; most Edhec hedge fund indices were flat; and the Greenwich Composite Investable Index was down 0.58%, +1.28% YTD.

There were more news of relocation and people stepping down in the industry: British hedge fund firm 36 South Capital Management plans to move its funds to Ireland to cut costs, providing a boost to the troubled country after its $112bn bailout, said Reuters; Golden Tree’s co-founder and chairman Leon Wagner is retiring; Balkany’s co-founder Julien Balkany moved on to new opportunities; and GLC’s CEO Caroline Hoare stepped down.

KCIC and a group of 29 other investment firms from around the globe have come together to provide input and have a key role in widening adoption of the standards among hedge funds managers internationally through the newly launched Investor Chapter at Hedge Fund Standards Board (HFSB).

Prices on the hedge fund secondary market remain volatile according to the latest data from Hedgebay, and this is likely to extend to 2011.

An Aviva survey of European investors with almost €280bn in AuM has found that almost 90% are looking to increase their allocation to absolute return strategies over the next three years. In the world of institutional investors, the New Mexico Public Employees Retirement approved a $35m allocation to the Wexford Spectrum Fund to replace its investment with Farallon Capital Institutional Partners, HFMWeek learned; Nevada System pulled out $45m of Farallon’s m......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1