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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 Genuine Trading Solutions (green CTA); Wolver Hill (pan Asian FoFs); Spruce Point (North American small/mid cap); Quan (L/S small-cap tech); Natixis (multi-strat absolute return mutual); FrontPoint (Asia event driven); Falckon Capital (energy); Kotak Mahindra (India IPO); Prescience (equity L/S); 3Sheep (local China); and Yinglong (local China). Helm Finance SGR was placed under forced liquidation by Italy's Finance Ministry after the country’s regulator found it had inadequate management and controls.

The Dow Jones hedge fund indices were up in July-09 and YTD (except for Equity Market Neutral); The Credit Suisse Alternative Index Replication Indices finished up in July, suggesting a positive month for hedge funds; The Newedge AlternativeEdge Short-Term Traders Index was down 0.17%, -0.97% YTD; The HFRX Global Hedge Fund Index was up 1.59%, +7.25% YTD; Peregrine Prime’s South African hedge fund index gained 3%, 12% YTD.

In terms of assets, it was noted that Asia’s top 25 hedge funds managed $30bn compared to $52bn last year (and also that the surviving Asia hedge funds were making the biggest fee cuts); commodity hedge funds picked up $1bn in Q2 and now manage $11bn; single hedge fund manager assets under administration are still at $2.079tn (down $730.647bn), according to the latest ......................

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