Tue, Sep 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Schroders to acquire Cazenove, Ascalon buys stake in Singapore hedge fund: hedge fund news, Week 13

Monday, April 01, 2013

In the week ending 28 March 2013, it was reported that three veteran investment professionals had formed Witherspoon Asset Management LLC in Princeton and the firm’s first offering would be the Witherspoon Managed Futures Strategy Fund; Ignis Asset Management plans to launch of a hedge fund version of its Absolute Return Government Bond fund (ARGBF); Millennium’s fund manager Eduardo Abush reportedly left the firm to launch his own hedge fund; Solus Alternative A.M. raised $1.1bh for two new funds that invest in bankruptcy claims; an ex-Tandem team plans to Carrick Asset Management LLC, a long-short credit hedge fund, next quarter; Tsukasa Shimoda, a former fund manager at Morgan Stanley, will start a Japan-focused hedge fund; and ex-Paloma trader Mike Belbeck is to launch his own vol-arb hedge fund next month, Holworthy Capital Fund (separately, Paloma Partners was said to be funding separately managed accounts for projects from former Diamondback and Realm traders).

HSBC reportedly closed Hermitage Capital's flagship Russia fund just as its co-founder, William Browder, was being sued for libel in London and tried in absentia for tax evasion in Moscow. 

Gottex, the Swiss FoF group, confirmed continued positive product performance during the first two months of 2013 with the majority of its core market neutral, multi-asset, alternative credit, US equity and Asian products up between 2% and 8%; CF Partners’ new Long/Short Global Equity fund f......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  2. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  3. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  4. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  5. Trend reversals lead to losses as managed futures drops 1.52% in August[more]

    Komfie Manalo, Opalesque Asia: Trend reversals in August have led managed futures traders to lose 1.52% last month according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 0.62% year to dat