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Opalesque Exclusive: Review of hedge fund launches, closures, trends, regulatory and legal events - week 46 | 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 Theory Partners (L/S); T. Boone Pickens (energy); Beaconcrest (L/S); Tisbury; Par-Four (L/S distressed credit); Credit Suisse (market neutral); Galaxy (event-driven); and Cairn Capital (Ucits III credit). Citigroup found a new name for its re-launched hedge fund operation unit: Citi Capital Advisors.

The HFRI Fund Weighted Composite Index was down 0.05% (est.) in October, +16.94% YTD; Credit Suisse/Tremont Hedge Fund Index was +0.17% (est.), +15.16% YTD; Hennessee Index -0.50%; +20% YTD – the first time in 7 months that equity markets and hedge funds are down; Bloomberg Aggregate Hedge Fund Index +0.1%, +12.81% YTD; Greenwich Global Hedge Fund Index -0.5%, +16.1% YTD; Australian Fund Monitors Hedge Fund Index -0.19%, +14.61 YTD; Lyxor Global Hedge Fund Index -1%, +4.4% YTD.

Gabelli & Partners partnered with the Institute For Innovative Trading AG (IFIT) in Zurich to create a hedge fund hotel; David Einhorn, founder of Greenlight Capital, urged a ban on credit default swaps; BlueCrest Capital, the $15.5bn UK hedge fund, relocated 50 employees to Geneva, and also sought new money for rejuvenated one of its listed hedge funds; Clive Capital, the world's biggest commodity hedge fund, is turning away new investors amid an increased investor interest in raw materials; and John Horseman stepped down as Horseman Global Fund’s manager after los......................

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