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.
17/02/2010
Hain launches onshore version of flagship fund
Hain Capital Group, a New Jersey-based deep value investor, has launched an onshore version of its flagship value hedge fund.
The offering, Hain Capital Value Fund, launched last month, 18 months after its offshore fund launched in June 2008.
The fund, which has a capacity of $500m, is a liquid long/short strategy focused on building materials, residential property development and related industries. It has 25 positions. Currently, the
strategy has $30m under management.
Daniel Carasso is the fund’s portfolio manager. Prior to joining Hain Capital Group in 2005, he was a senior sell-side analyst at Goldman Sachs.
The fund has a $250,000 investment minimum, 1.5/20 fees, no lockup and quarterly liquidity. Jefferies & Co is the prime broker.
Hain Capital Group was founded in 2002 by Robert Koltai, formerly a senior vice president at Oppenheimer & Co. The offshore hedge fund was up approximately 3.4% last month.
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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...
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