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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 Occam (Asia); Liontrust (European Value, Global Equity, Strategic Bond, and Ucits III Credit); Laffitte (equity arb Ucits); new firm Hamilton Capital (maiden fund); A2M (100% capital protected multi-strat); Charlotte Square (all weather investing in HFs); Belay Partners (European equity L/S); Attunga (metals); new firm Northlight Capital (European credit L/S); Big 5 (global l/s equity – offshore version); Eclectica (Ucits III mirror of global macro fund); Atrevida Partners (emerging manager); new firm Meru Capital Group; new firm Elementum Advisors (multi-strat); Brummer (Bangladesh stocks); Standard Unlu (1st Turkish L/S equity); new firm Instinct Capital (Japan); Blacksquare (multi-manager absolute return); new firm Shanghai Good Hope (maiden); Sail Advisors (one in distressed assets, another in emerging funds); and Beach Horizon (US onshore version of flagship CTA).

The Credit Suisse Liquid Alternative Beta L/S Equity Index performance (-0.75%, 12.63% YTD) indicated that L/S funds fell short in November; Australian Fund Monitors reported a flat October, as the AFM Hedge Fund Index was up 0.03%, 12.13% last 12 months; the HFRX Global Hedge Fund Index returned 1.66% (est.) in November, 12.77% YTD; and the Newedge CTA Index was up 2.5% in November, -1.2% YTD.

Hedge funds are set for their best year in a decade at almost 19% YTD,......................

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