Funds of Hedge Funds

Hedge fund managers remain bearish on US equities, according to the TrimTabs/BarclayHedge Survey of Hedge Fund Managers for March. »

Returns for the Credit Suisse LAB Liquid Indices suggest that hedge funds experienced positive performance in March according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse. »

NewAlpha 4 Genesis has completed its first closing of USD150 million raised from French and Swiss institutional investors. NewAlpha Asset Management is considering a final closing in late July 2011 with an asset target of USD250 million. »

Aimed at investors who want to profit from and have a portfolio hedge from rising energy prices, MarketRiders (www.marketriders.com) is offering its own all-Exchange Traded Fund (ETF) energy hedge fund. »

Goodman & Company, Investment Counsel Ltd, manager of Dynamic Funds has announced a series consolidation for Dynamic Power Hedge Fund whereby Series A units and Series F units of the fund will be reclassified into Series C units and Series FC units, respectively. The reclassification is expected to take place on March 25, 2011. »

The Lyxor Hedge Fund Index recorded a positive performance of 1.10% in February 2011. »

Long/short equity strategies look set to benefit from decreasing levels of correlation between securities, according to funds-of-hedge-fund (FOHF) managers interviewed by Standard & Poor’s Fund Services in its latest sector update. »

Theta Legends XL Fund is the first Dutch fund of hedge funds with a listing on NYSE Euronext Amsterdam (symbol: THXLE). The fund offers investors the option to trade shares in Theta Legends XL Fund on a daily basis and provides easy and fully transparent access to a portfolio of investment managers, with better liquidity than usual. »

The Greenwich Composite Investable Index gained 0.60% in January to begin 2011 on a positive note.  »

Hedge funds gained 0.52% in January according latest figures for the Barclay Hedge Fund Index compiled by BarclayHedge. »