Funds of Hedge Funds

Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished March up 0.05%, with five out of 10 strategies in positive territory. »

During the first quarter of 2012, the Lyxor Hedge Fund Index was up 1.5% (-0.5% in March), characterised by increased dispersion among Hedge Fund strategies in March: +0.6% for Lyxor Merger Arbitrage Index vs -0.35% for Lyxor Special Situations Index within Event-Driven space, -1.6% for Lyxor L/S Equity Variable Bias Index vs +0.6% for Lyxor L/S Equity Long Bias Index. »

Hedge funds gained 0.19% in March, according to the Barclay Hedge Fund Index compiled by BarclayHedge. »

Hedge funds took in an estimated USD6.8 billion in February, reversing a trend that saw more than USD21.5 billion flow out of these funds in January 2012 and December 2011, the largest outflows since July 2009, according to BarclayHedge and TrimTabs. »

Alternative investment firm Coast Asset Management is selling its fund of hedge funds business and focusing its efforts on funds that employ its fixed income arbitrage investment strategy. »

Salus Alpha’s Equity Hedged strategy has been ranked as No2 in the Fund of Funds - Equity category in BarclayHedge’s Annual hedge fund rankings for 2011. »

Global hedge funds’ assets totalled USD1,902 billion at the end of 2011 according to TheCityUK’s report Hedge Funds 2012. Although a 3% reduction from the previous year, it follows two successive years of growth that have seen assets increase by around a quarter. »

Lazard Asset Management (LAM) has launched the Lazard Alternative Strategies 1099 Fund, a fund of hedge funds that offers investors the ability to participate in the hedge fund asset class with a minimum investment of USD25,000. In lieu of K-1s, IRS Form 1099s will be issued to investors for simplified tax reporting. »

Ader Investment Management (AIM) has launched Accelerator Fund Partners LP, a funding platform for hedge funds looking to boost assets under management and enhance their distribution into family offices and fund of funds. »

Legg Mason Global Asset Management has launched Permal Hedge Strategies Fund, a fixed income focused multi-manager, multi strategy fund of hedge funds. »