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In the week-ending 03 Aug 2012, it was reported that Richard Gerson was reported to have raised $1.2bn to launch his own hedge fund firm, Falcon Edge Capital; Rob Chandra has scaled back his role at Bessemer Venture Partners to launch the $250m hedge fund Avid Park; KKR Asset Management registered before the SEC two new funds, the KKR Alternative High Yield Fund, a mutual fund and KKR Alternative Corporate Opportunities Fund; and former Tiger Global Management executive Amit Doshi is laying the groundwork for his own hedge fund.

Investment fund manager, Invest AD, has launched two UCITS-compliant funds, which invest in Africa and the Arabian Gulf; Falcon Private Bank last week launched Falcon Gold Equity UCITS Fund; and the Abu Dhabi government-owned group Invest AD has launched two UCITS-compliant equity funds investing in Africa and the Middle East.

Belltower Advisors reported it would close its $171m hedge fund; the Callanish Global Macro Fund from Callanish Capital Partners, which was seeded by IMQubator has closed its doors in a sad sign of times; Lazard has closed its South Korea-focused activist hedge fund, while the China International Capital Corporation has done the same with its Asian long......................

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