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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 Citadel; Roc Capital; Atyant (global opps); Kellner DiLeo (matched book securities lending); Bullman (multi-strat); Fortitude Capital (equities); Amplitude (2 x CTAs); Cogo Wolf (FoHFs); Cazenove (Ucits); Pure Capital (food, carbon); and Distressed Real Estate.

Von Mueffling’s Cantillon closed two hedge funds to focus on traditional funds.

The Parker FX Index was up 0.63% in May, 0.32% YTD; Barclay Hedge Fund Index up 5.77%, 10.75% YTD; Barclay CTA Index rebounded at 2.08%, -0.54% YTD; Credit Suisse/Tremont Hedge Fund Index confirmed it was up 4.06%, 6.72% YTD; RBC Hedge 250 Index up 3.59% (est.), 7.01% YTD; Scotia Capital Canadian Hedge Fund Index up 5.91%, 11.18% YTD; And the Morningstar 1000 Hedge Fund Index saw its largest monthly increase since 2003 with 6.7% (est), +9.7% YTD.

An HFR report said that hedge fund liquidations were down 50% (to 376 funds) last quarter from the record levels set in Q4-2008 (778 funds); there are now 9,050 funds; new launches accelerated in Q1-2009 with around 150 funds, but fees remain under pressure.

As for assets, Lipper forecasted that Asia hedge funds would see a turnaround in inflows in Q3 as confidence returns (and Citigroup said ......................

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