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By Benedicte Gravrand, Opalesque London: A roundup of last week's hedge fund launches, closures, index performance, trends, regulatory, legal and financial events pertaining to the alternative investments world.

Last week, we heard of fund launches, possible launches or openings from Citadel (global macro and more); Cole Partners (commodities); Amiri (Shariah-compliant FoHFs); Stockade (Asian trading); Dubai Shariah; Concerto (credit); Go Capital (European opps); Magma Advisors (capital guaranteed notes); mCAPITAL (special sits); Deutsche Borse (hedge fund ETF); Vernon Square (market neutral); Del Mar (index opps); and Realm Capital.

And we heard of closures from Gandhara Capital; Spain's Bankinter (HF business); Fix A. M. (FoHFs) and possibly Atlantis (China fund) which might also launch a new fund.

The HFRI Fund Weighted Composite Index was down 0.51% (est.) in February; Hennessee -0.78% (+0.12% YTD); Credit Suisse/Tremont -0.45% (est.) (+0.80% in January); Australian Fund Monitors -0.7% (+0.4 %); Eurekahedge -0.54% (est.) (-0.39% YTD); Lyxor -0.71% (+0.72% YTD); Greenwich -0.8% (-0.9% YTD); Barclay CTA -0.07% (est.) (-0.29% YTD); Barclay Hedge Fund 1.32% (est.) (-1.44% YTD).

Although measuring the size of the hedge fund industry is reportedly becoming more difficult, Hedge Fund Intelligence said that the FoHFs industry, which until June had more than $1tn in assets had shrunk by 30% in 2008; Eurekahedge said that global hedge funds had seen $11bn in redemptions in Feb......................

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