Mon, Feb 20, 2017
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. With $54bn in assets, Philippines is ready for hedge funds, alternative investment products[more]

    Komfie Manalo, Opalesque Asia: With the country's outstanding fund management industry at $54bn and growing, the Philippine market and its investors are ready to invest in "more sophisticated" asset management products, like hedge funds and alternative investments, said Deanno J. Basas, presi

  2. SoftBank to buy Fortress Investment for $3.3bn[more]

    From Reuters.com: Japan's SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world's largest private equity fund. The all-cash deal is SoftBank's first major investmen

  3. ...And Finally - Truth in advertising[more]

    From Newsoftheweird.com: Girl Scout Charlotte McCourt, 11, of South Orange, New Jersey, saw her sales zoom recently when she posted "brutally honest" reviews of the Scouts' cookies she was selling -- giving none of them a "10" and labeling some with dour descriptions. She was hoping to sell

  4. Europe - Brexit - Updated legal guide, Euro exchange rates set to tumble as hedge fund's super computer predicts Marine Le Pen will be next French president, Swiss fund market hits all-time high[more]

    Brexit - Updated legal guide From Herbertsmithfreehills.com: When we began analysing in depth the possibility of Britain exiting the EU (Brexit), 18 months prior to the June 2016 referendum, the business consensus was very much that Brexit was a remote prospect that either would never hap

  5. People - Gramercy appoints Bradshaw McKee as managing director of Capital Solutions, Trump taps Cerberus's Feinberg to lead intelligence review[more]

    Gramercy appoints Bradshaw McKee as managing director of Capital Solutions Gramercy Funds Management LLC, a $5.8 billion dedicated emerging markets investment manager, today announced the appointment of Bradshaw McKee to the position of Managing Director, Capital Solutions and Distressed