Wed, Nov 26, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Review of hedge fund launches, closures, trends, regulatory and legal events - week 21

Monday, May 30, 2011

amb
Carl Huttenlocher
Second and third generation managers continue to announce fund launches with news of former Highbridge Capital Management manager Carl Huttenlocher near launch on a hedge fund in Hong Kong, former Tiger Asia MD Hugh Kim launching Greyson Capital Management (domestic demand industries in Japan, China and South Korea), and former Shumway Capital pro Paul Hudson is launching a new fund (Glade Brook Capital). Robert Bierig (formerly of Geico Investments) will also launch his first fund, Amethyst Capital Partners (long-biased, concentrated value).

Principia Capital Advisors is set to launch a $750 million-plus Asia hedge fund (CTA) Patrick Quinn has launched the Quinn Opportunities LP (event-driven), and BGB Weston launched the BGB Opportunity fund (managed futures). Pictet also announced the Total Return-Kosmos UCITS III Fund (long/short credit fund).

Industry-wide, hedge fund redemption requests are on the rise after the commodities route early this month. Individual funds that are liquidating include Black's Link Capital, which will return investors capital after only one year in operation and FrontPoint Partners’ flagship FrontPoint Multi-Strategy Fund.

Global hedge funds reached $1.81tln in April as assets gained $52bn, Eurekahedge said. More hedge funds are tapping into first-loss capital to raise asset......................

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. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  3. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  4. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  5. Gross: Inflation is required to pay for prior inflation[more]

    Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to