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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 Rogers (Asia emerging manager); Matchpoint (Asia); UBP/ New Castle (Ucits III market neutral US); OGI (global macro); T. Rowe Price (global fixed income absolute return); Voras (distressed assets); K2 (global equities); and Start Investment & Guaranty (China equities).

Ex-GLG fund manager Georges Gedeon set up his own firm, Mereor Investments, in Paris; and distressed debt-specialised boutique SC Lowy Financial Services launched in Hong Kong.

FRM Capital Advisors seeded its first Asia focused hedge fund, to be launched by Isometric Capital Management, and may sign another seeding deal by the end of the year.

- Australian Fund Monitors’ hedge fund Index was up 2.53% in August, 12.42% YTD; - Nordic Hedge Fund Index gained 1.32% in August, +11.45% YTD; - Six Harcourt HFXS’ Swedish hedge fund index was up 1.74% in September, 13.2% YTD; - HFRX Global Hedge Fund Index up 2.22% (est.) in September, 11% YTD; - HFRI Fund Weighted Composite Index up 3.02% (est.), 17.21% YTD; - Credit Suisse Long/Short Equity Replication Index up 1.02%; 9.40% YTD; - Credit Suisse/Tremont Hedge Fund Index up 2.67% (est.), 14.56% YTD; - Hennessee Hedge Fund Index up 3.18%, +20.89% YTD; - Barclay Hedge Fund Index up 3.22% (est.), 20% YTD; - HFN Hedge Fund Aggregate Index up 2.74%, +16.76% YTD.

BarclayHedge reported that hedge funds had posted inflows of $17.5bn in August; HFN reported that assets rose +2.98% to $1.948tln in September; and HedgeFund Intelligence said that global hedge fund assets had slipped 8.5% to $1.67tln in......................

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