In the week-ending 24 August 2012, Silk Road Management announced the launch of the Silk Road M3 Fund that will focus on Myanmar, Mongolia, and Mozambique; Eric Rosen, the co-head of UBS AG’s fixed-income, currencies and commodities business for the Americas will be leaving the firm next month to start a new hedge fund; and CF Partners said it would launch a commodity hedge fund later this year.
Montecito, California-based hedge fund house Evolved Alpha announced it would close the firm and has already returned investors capital; and Plural Investments founder and portfolio manager Matt Grossman said he would close the fund in September as he needs a more flexible mandate.
Salient Partners last week launched the Risk Parity Index that will enable investment managers to measure the performance and effectiveness of their risk-parity strategies against an industry standard and passive index;
The HFRX Global Hed......................
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