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Alternative Market Briefing

Opalesque Roundup: South Korean hedge fund growth to buck the trend: hedge fund news, week 17

Monday, May 02, 2016

In the week ending 29 April, 2016, in outlooks, Dan Loeb described the first quarter as "washout" and "catastrophic" for hedge funds and predicted a hedge fund “killing field”. Meanwhile, in Q1 the number of hedge fund operators in South Korea grew from 17 to 26. Registered hedge funds grew from 46 to 78, and are expected to reach 130 at the end of this year.

Former Fortress Investment portfolio manager and managing director Maggie Arvedlund is raising $500m to launch a debt, equity fund; Kyle Bass is raising money to start a dedicated fund for bets in China; Schroders has launched a new fund - the Schroder Alternative Solutions Commodity Total Return program; and John Hancock and Standard Life have launched their third alternative multi-asset fund.

Swiss-Asia has unveiled new funds on their fund management platform.

Aurora Investment will shut down after a failed takeover bid; and Barry Wittlin is closing his WSC m......................

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