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In the week-ending 30 November, 2012, it was reported that Muddy Waters’ founder Carson Block would launch a hedge fund that will short Chinese firms; Brummer & Partners raised $650m for its new Carve capital structure arbitrage strategy; Gramercy Advisors started a distressed credit fund with $200m in commitments; three former JPMorgan Chase and Barclays executives are planning to launch an energy hedge fund in January; Indian investment bank AGacquisitions is to launch its first hedge fund which will focus on index strategy; Newscape Capital Group launched a currency UCITS Fund; and EMCO Capital Advisers launched an alternative investment fund focused on investment in late night licensed venues in the UK. Portman Square Capital, a hedge fund to be launched by the former global head of proprietary trading at Citigroup, Sutesh Sharma, is more than half way off its launch target of $500m, Financial News reported.
Hedge fund manager Julian Barnett will shut down his Ridley Park Paragon long/short equity fund after two years, as he was unable to repeat the previous success of his Polar Capital fund.
'Alternative Alternatives' investment funds lost 1.42% in October on average (+1.99% YTD);
And the Morningstar MSCI Composite Hedge Fund Index was down -0.8% that month (+4.0% YTD).
Goldman Sachs’ hedge fund trend mon...................... To view our full article Click here
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