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Hedge funds suffer from outflows but remain attractive for Japanese institutions: hedge fund news, week 44

Monday, November 05, 2012

In the week-ending November 2, 2012, Peter Bakker, former high yield portfolio manager at Lazard and SGS, and Frits Lieuw-kie-song, former high yield portfolio manager at LKS and SGS, re-united to establish a liquid credit strategy at Channel Capital Advisors LLP; former Cofunds boss Brett Williams launched a new alternative investments business, Old Burlington Investments and will initially create two EIS-focused funds; Maverick Capital launched a new fund that places concentrated bets on the firm's best stock trades, called Maverick Select; TT International launched a global macro UCITS-compliant hedge fund on the Deutsche Bank Platinum platform; and Stratton Street started a UCITS version of its Renminbi Bond fund ahead of what it believes will be a massive appreciation in the value of the Chinese currency.

Grant Capital Partners, the hedge fund manager set up by Geoff Grant, the former Goldman Sachs trading star behind Peloton Partners is shutting down as Grant said he did not have an “edge” in the current markets; Pierre Henri-Flamand, a former head of proprietary trading at Goldman Sachs, is to shut his hedge fund Edoma Partners just two years after launch, citing "unprecedented market conditions"; Coupland Cardiff, the UK-based hedge fund manager, closed its CC Asia Advantage Fund, following a redemption from its sole investor (the event-driven strategy returned -5.98% in 2011 and -3.6% YTD to August).

Coupland is not the onl......................

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