Fri, Dec 13, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Opalesque Roundup: Hedge fund closures overshadow new launches in 2018: hedge fund news, week 49

Saturday, December 08, 2018

In the week ending December 7th, 2018, Eurekahedge reported 463 hedge fund launches this year up to the end of October versus 477 fund closures. The majority of funds that launched were long/short equities, followed by macro and multi-strategy funds. Most of those that closed down were long/short equities, and then CTA/managed futures and macro funds.

Among the latest Fund Closures, the founder of Paris-based boutique Oaks Field Partners has closed one of his longest-running funds after investor interest in classic bond funds fell; Brenner West Capital Partners is closing after 13 years in business, according to people familiar with the matter, the latest hedge fund to close in a tumultuous year for the industry and John Labanowski told investors that he's closing his $800 million Brenham Capital Management after two years of losses and shrinking assets.

In performance, buoyed by growing interest from institutional investors, 2018 was supposed to be the comeback year for hedge funds. It has not worked out that way. Some of the hedge fund industry's biggest names, including Millennium Management and Steve Cohen's Point72 Asset Management, suffered sharp losses in November, even as equity markets bounced back. But JANA Partners posted a small monthly loss in November.

Greenlight Capital, the hedge fund led by David Einhorn, fell 3.5 percent in November, extending this year's losses; Billionaire investor David Einhorn told investors on Friday that losses at his hedge fund Greenlight Capital grew this month, leaving the fund down nearly 28 percent for the year; Billionaires Ken Griffin, Izzy Englander and Steve Cohen posted monthly losses in November that rank among their worst ever as stock hedge funds dumped holdings at a rate not seen since the financial crisis while Dmitry Balyasny is cutting at le......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. 50 South Capital & Preqin highlight emerging manager outperformance in a new report[more]

    Bailey McCann, Opalesque New York for New Managers: New data from Preqin and 50 South Capital, the investment arm of Northern Trust, shows that emerging managers are outperforming established managers by almost 4% a

  2. An academic wrecking ball aims at hedge funds[more]

    From Bloomberg: Quant investing, and indeed much of the hedge fund industry, is built on the power and freedom that come with the ability to sell short. When you short a security (borrow and then sell it, meaning you make money if the price falls and you then re-buy it), you can profit when markets

  3. PE/VC: Private equity buys $101bn of European businesses, 30 under 30 venture capital 2020: Meet the young investors backing tech's next big thing[more]

    Private equity buys $101bn of European businesses From Bloomberg: European equities' cheap valuations have turned the region into a honeypot for private-equity and arbitrage funds looking to reap double-digit returns. With the buyout firms enjoying a massive amount of dry powder, especial

  4. PE/VC: The truth about private equity fund size, US VC investment in female founders hits all-time high[more]

    The truth about private equity fund size From Institutional Investor: As the end of the year approaches, institutional investors in private markets are wrapping up work on the last few funds we need to invest in to hit our targeted annual commitment levels. You see, private equity

  5. Crypto: Almost 70 crypto hedge funds have closed this year as institutional investors shy away, Central bank talk of launching cryptocurrencies is all bluff, Thailand and Hong Kong in crypto collaboration with cross border token project, Crypto loans see solid growth, platforms attract community interest, A Bitcoiner in the Senate? Is Bakkt CEO in US govt. good or bad for crypto?, Bank of France to test digital currency in 2020[more]

    Almost 70 crypto hedge funds have closed this year as institutional investors shy away From The Block Crypto: Nearly 70 crypto-focused hedge funds that largely cater to institutional investors, such as pension funds and family offices, have closed this year. The number of new fund