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In the week ending 26 June, 2015, HFR said that hedge fund launches totaled 264 in 1Q15, the highest level since 2Q14, bringing the total number of hedge funds globally to 10,149. Gottex Asset has launched its Multi-Asset Growth Fund; Citadel is planning to launch a new equities business based on the West Coast; Knight Vinke will start a new fund in September to open its activist hedge fund strategy to investors looking for daily liquidity and smaller minimum investment; and Chris Rokos is back and is converting his family office into a fully-fledged hedge fund.

SYZ Asset Management has launched OYSTER Multi-Asset ActiProtect, a new sub-fund of its Luxembourg SICAV (UCITS).

A number of so-called Tiger hedge funds have shut down but analysts say it is not a trend.

The Lyxor Hedge Fund Index was up 0.3% (as at end June 16) (+2.6% YTD); The Barclay CTA Index was down 0.17% in May (+1.83% YTD); And the UCITS HFS Index slowly gained momentum and was up 0.21% (2.71% YTD).

Bridgewater Associates’ year-to-date performance is expected to reach 9.9% in the Pure Alpha Strategy; Pine River, Springs Capital (Hong Kong) and Legends Asset have outperformed the MSCI Asia-Pacific Index last month; Brookfield Asset Management short interest went up 54.5% in May; and Schooner Hedged Alternative Income Fund gained 12.7% since the start of the year.

The assets of the top 400 asset managers rose 17% to reach €50tln; Bill Ackman’s Pershing Square is raising $1bn by launching senior notes; flows into hedge fund-like mutual funds have slowed this year to the weakest pace since 2008; Idinvest Partners closed its private debt fund Idinvest Private Debt III after raising €400m; and multi-alternatives also known as multi-strategy or multi-manager has been attracting inflows and piquing the interes......................

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