Sat, Apr 30, 2016
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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n