Editor's view: 29 July 2010
Like Paris in the spring, the lure of the Ucits space is proving a heady experience for many managers. First Europe fell for the charms of these onshore products, now the Americans are joining in a communal swoon.
03/02/2010
SYW to adapt flagship to institutional market
SYW Capital Management, a New York-based long/short hedge fund manager with a macro overlay, is constructing a new launch for an institutionally oriented fund, according to an investor letter.
The offering, called the SYW Global Long/Short Equity fund, will adapt the strategy of the flagship fund, SYW LP, into an institutional framework, attempting to lower the overall volatility by utilising lower exposure limits and tighter portfolio and security level constraints. It will invest in a variety of sectors and industries and has a capacity of $500m.
SYW was started by Chris Wang, formerly a trader at Catus Capital. Last year the SYW LP fund returned 14.89%.
HFMWeek previously reported that in October, SYW invested in Article One Partners through a special purpose investment vehicle (SPV). The SPV, SYW Private Investment, invested $3m in the special
situations hedge fund, the maximum amount it was able to allocate.
- Share
-
Text Size
Decrease text size
Increase text size
Comment: Amy B Hirsch
"It is imperative that investors of all types ensure they understand the relationship between the introducing party and the manager"
Investors sit tight on impaired assets
Playing the ‘what if’ game can be fun but, depending on the number of variables in question, it can get a little out of control. Apply this conceit to the hedge fund sector's performance during the financial crisis and the possible permutations become legion.
Hedge fund inflows in Q2
Hedge inflows have slowed as volatile markets made sitting on the sidelines the safest option in Q2. According to figures from HFR, the quarter’s $9.5bn - a 30% drop from Q1’s $14bn – reflected the 'wait and see' policy of many investors as the HFRI Fund Weighted Composite dropped -2.5%. With nerves setting in, recent predictions of a boom of interest in the alpha potential of smaller managers also fell flat, with the lion’s share of money going to large $5bn-plus managers.
Read MoreFunds of hedge funds fall out of favour
A growing number of institutional investors are now opting to invest directly into hedge funds instead of allocating to the space via funds of hedge funds.
Read More
22/09/2010
UK: Ucits IV
This month’s HFMWeek Subscriber Club breakfast will take place on Wednesday 22 September. Join us and…
30/09/2010
US: topic to be confirmed
The next HFMWeek Subscriber Club breakfast will take place on Thursday 30 September. Topic and…
19/07/10
HFM Week US Performance Awards
Following the success of the last year’s HFM US Hedge Fund Performance Awards we...
Be the first to comment on this article!