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Alternative Market Briefing

Hedge funds suffer $8.6bn redemptions in June, most inflows go to Asian funds: hedge fund news, week 32

Monday, August 12, 2013

In the week-ending 09 August 2013, TrimTabs and BarclayHedge reported that hedge fund investors redeemed $8.6bn in assets in June while HFR reported that net inflows to Asian hedge funds of $3bn exceed flows to both U.S. and European-focused funds in Q2.

The SEC found from its reportings that investors might have to wait more than a year to redeem more than three quarters of their assets from large hedge funds; Third Point Reinsurance said it plans to raise $322.2m in an initial public offering; Blackstone-backed Senrigan Capital received its first $13m in fresh fund; Innopac Holdings will issue 250 million new shares of Platinum Partners to raise $30.8m; Multiplicity Partners was awarded a $455m realization mandate by a large European bank.

Former RBS managing director Geoffrey Wallier launched a $40m Asia fund; and Perella Weinberg said it would launch a global macro alternative investment strategy.

The HFRI Fund Weighted Composite Index gained +1.4% in July (+4.73% YTD); The Bloomberg Hedge Funds Aggregate Index was......................

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