Sat, Feb 13, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Review of hedge fund launches, closures, trends, regulatory and legal events - week 32

Saturday, August 14, 2010

Kirsten Bischoff, Opalesque New York:

Last week, we heard of fund launches from Emeralt (long/short, Eastern Europe equities) SSY (freight derivatives), Rosecliff Capital (long/short US equity), Reflexion Capital (long/short equity), and a Natixis fund that will be co-managed by Dr. Andrew Lo (managed futures/mutual fund). Also launching are Union Capital Management’s UCM Union Delta Fund (long/short US equity), Carrousel Capital’s Centrix IX Fund (systematic multiple style rotation investment strategy), Global Hedge Fund Group’s oil sands-backed vehicle, Harbinger’s Pan-Asia fund, and a firm launch by former Barclays Global Investors CIO which will eventually bring to market a long only Australian equities fund and a long/short product. Additionally, three asset management firms announced a joint venture in The Seed Fund, which will invest $25m-$50m per diversified portfolio into emerging hedge fund managers.

Managed account strategies being launched as fund vehicles include one from Praesidium, which is replicating a value strategy that has been in place already for two and a half years, and one from Iron Capital, an Atlanta-based firm that will launch the Gateway Fund (concentrated equities with a long-bias). We also heard of a re-launch from Capernico, which will once again focus its Copernico Argentina Fund on opportunities arising in that market. It is also evident that the UCITS trend is here to stay (see: Funds of UCITS trend in full swing, 80% of surveyed funds in launch or pre-launch mode - KDK Asset Management) and this week we heard of another fund being wrapped into a UCITS structure as Jabre announced it will ma......................

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. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise

  2. Investing - Some hedge funds want to make subprime auto loans next big short, 11 hedge funds that are “all in” on the FANG stocks, Hedge funds short London luxury homes, Cynet raises $7 million from U.S. hedge fund[more]

    Some hedge funds want to make subprime auto loans next big short From Bloomberg.com: A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Good luck finding a bank willing to do the trade. Money manage

  3. Investing - Hedge funds see selloff in European bank stocks as buying opportunity[more]

    From WSJ.com: The massive selloff in European bank stocks and bonds is overdone and presents a “phenomenal” buying opportunity, according to some of Europe’s top hedge-fund managers. Despite a 28% slump in European bank stocks this year, including a 38% fall in Deutsche Bank AG and a 34% drop in Soc

  4. Legal - Carlyle accused of fraud by ex-employee, Hedge funds win CDS breach of contract suit against Deutsche Bank, Hedge fund asks for OK on $27.5m Goldman CDO deal, SFO examines Barclays hedge fund profits[more]

    Carlyle accused of fraud by ex-employee From AI-CIO.com: A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments. Carlyle Group has been sued by a former portfolio manager for one of its hedge funds, who accused the firm of “knowi

  5. Illiquid assets are all the rage for hedge funds[more]

    From Valuewalk.com: …Institutional investors are increasingly turning to illiquid assets and active management strategies to combat macroeconomic trends, anticipated market volatility and diverging monetary policy, according to a new survey by Blackrock. And this week, Bloomberg has reported that at