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In the week-ending November 16th, 2012, Barnstar Opportunities Fund LP, a multi-disciplinary, special situations long-bias fund launched; emerging and frontier market investment specialist Fund Management Group (FMG) said it is launching a new hedge fund in January; emerging markets-focused Argo Group launched a new hedge fund - the Argo Local Markets Fund; GLG Ore Hill, a value-based, event-driven investment team focused on the North American credit markets, announced the creation and closing of the GLG Ore Hill KH Levered Credit Fund; BlackRock Inc., the world's largest asset manager, plans to start a long-short global credit hedge fund that would use the best ideas of the firm's leveraged finance team.
The hedge fund industry is expected to see a wave of new launches in the next year by traders who have lost their jobs at investment banks or who have left in search of better pay, CNBC said.
Woori Absolute Partners is raising a $200m seeding fund with NewAlpha to invest in Asian hedge funds looking for backers, according to Reuters; Brummer & Partners, Sweden’s largest hedge fund manager, plans to take a stake in a new London-based firm set up by the two former co-CIOs of Rubicon Fund Management, Tim Attias and Santiago Alarco,...................... To view our full article Click here
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