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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 the alternative investments world.

Last week, we heard of fund launches (or possible launches) from Hilliard Street Capital, Sanjiv Bhatia, BNY Mellon, Artradis, Chenavari Credit Partners, CF Partners, Weiss A.M., Four Elements, Edmond de Rothschild A.M., Insynergy and James Pallotta. Amplitude Select fund’s launch was postponed to January due to the short-selling ban.

French seeding firm NewAlpha invested $50m with Concerto A.M., and FRM Capital Advisors seeded its first European manager, Beechbrook Capital.

EDHEC’s hedge fund indices were negative in September, except for the short-selling index (4.13%, 15.0% YTD) and the Eurekahedge Hedge Fund Index was down 4.6% in September, -7.7% YTD. State Street reported that the investor confidence index declined 17.5 points to 58.2 from September to October.

Millennium Global liquidated its EM credit hedge fund, SEB A.M.`s hedge fund collapsed, and Denmark’s second largest lender and mortgage provider Nykredit closed six hedge funds. One of the most successful HF managers, Andrew Lahde, shut his business down and slammed `idiot` bankers in a farewell letter.

HFR reported that hedge fund assets had declined by $210bln in 3Q08, and that the industry stood at $1.72tln. Furthermore, analysts predicted the industry would face outflows, falling profits (by 25%) and more job cuts into 2010. It was said that hedge funds had the first to signal troubles at investment banks and corporations, who should have heeded warnings. And Greenwich Financial and Braddock Financial argued against U.S. proposals to ease terms of home mortgages.

We heard that that Jim Chanos was to short student loan companies and that Citadel was moving beyond a multi-stra......................

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