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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 from `Two Sigma` (CTA); Gartmore (UK); Princeton Alternative Investments, Altrevida Partners, PIMCO (TALF, each); Denise Hu and Rockhampton (Asia FoHFs); Unigestion (credit FoHFs); Ashmore and UBS (consolidation and recovery); IndexIQ (more hedge fund ETFs); Peak Partners (tactical FoFs); Perimeter (L/S equity); and Castlestone (art).

Alson Capital Partners` $3.5bn fund, Wood Creek`s alternative alternatives fund and Stratton Street`s Japan-focused Dejima Fund closed.

The Greenwich Global Hedge Fund Index returned +1.50% in March (+0.4% YTD); Greenwich Composite Investable Index -3.17% (-3.3% YTD); HFN's index +1.84% (+0.52% YTD) (HFN also reported that redemptions and liquidations caused assets to fall 1.01%); Lyxor Global Hedge Fund index -0.38% (+42bp YTD); Credit Suisse/Tremont Hedge Fund Index +0.65%, (+0.85% YTD); Scotia Canadian Hedge Fund index +1.39% (on an asset weighted basis) (+5.62% YTD); RBC Hedge 250 Index +0.46% (+0.75% YTD); HFRI weighted composite index +1.84% (est.), (+0.52% YTD); Canadian Hedge Watch Composite Index +1.66% (+2.34% YTD).

Hong Kong-based hedge fundDragonBack Capital reopened fund to investors afte......................

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