Tue, Sep 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

$350m Glazer Capital launches Glazer Enhanced Fund, on track to asset raising goal of doubling firm assets

Monday, July 26, 2010

From Kirsten Bischoff, Opalesque New York:

New York-based merger arbitrage shop, Glazer Capital Management recently announced the launch of a higher leverage version of its Glazer Onshore Fund. The strategy, which focuses on mergers and acquisitions in the US, Canada and Europe and has achieved annualized returns of over 10% for investors since its launch in late September 2001.

The newly launched Glazer Enhanced Fund will seek to provide investors with targeted returns above the flagship fund, and will use two-times leverage to achieve this. The Glazer Enhanced Fund launched on July 1, with $12m in assets.

After 2008 performance of +8.85% and 2009 gains of +13.89%, the firm began a capital raise initiative early this year, seeking to double its assets under management from $265m to $500m. In addition to the launch of the new fund and further allocations to the flagship fund, Glazer Capital will begin August 2010 with over $350m in capital, impressive growth during a very slow asset-raising period for many hedge fund firms. The additional August launch of an offshore version of the Glazer Enhanced Fund should also boost the firm's overseas asset raising campaign as well.

According to the firm's June investor letter the flagship fund is up +3.25%, and Opalesque has learned that as of mid-July the fund had added an additional 50bps to its performance.......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. Outlook - Julian Robertson: There are two bubbles that can bite us[more]

    From Businessinsider.com: Legendary hedge fund manager Julian Robertson gave a warning about two bubbles that could "bite us" at Bloomberg Market's Most Influential Summit. "I agree with the fact that the economy is definitely getting better. I think the cause of that is two bubbles that will