Sun, Feb 18, 2018
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 40

Saturday, October 09, 2010

Kirsten Bischoff, Opalesque New York:

Last week brought a welcomed surge in hedge fund launch announcements. We heard of fund launches from Javelin (a $31m global l/s equity), Union Capital Management (l/s equities), LNG Capital (European high-yield debt), United Capital Markets (debt), Cygnus Asset Management (Europe-focused, event-driven), Jabre Capital (event driven). Two UCITS announcements were in the news this week with news of the Merchant Capital’s Global Resources Fund and Quant Global Equities Fund and Canadian investors will have a shot at investing in Blackheath’s volatility arbitrage fund. Meanwhile, John Meriwether hopes the third time is the charm with the launch of JM Advisors’ two funds (global macro).

Also launching hedge funds is Resco Funds, which announced the launch of 2 funds (structured products/derivatives) and the impending launch of a third (long/short, systematic, intraday strategy in plain vanilla financial futures). Mutual fund firm Simple Alternatives also announced the launch of an institutional hedge fund of funds in a mutual fund format.

There was also seed activity this week in conjunction with launch news as former Pershing Square partner Richard McGuire announced he will launch his l/s equity fund (targeting real estate and consumer goods) with the backing of Blackstone. And, Q Investments, which recently launched a seeding business is actively on the hunt for liquid strategy funds to allocate to.

New Stream Capital continues to see turmoil as most of the staff has been laid off and while managers are still charging fees, the funds’ closure seems imminent. Also closing will be Macklowe Asset Management’s $250m fund that had the backing of Izzy Englander’s Millennium Management. The firm will shutter due to lack of asset growth, as Julie Macklowe instead turns to focus on business opportunities in the fashion industry. Also closing is former “best hedge fund launch” (AsianInvestor) fund......................

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. Chenavari, a $5.4bn hedge fund, told investors it thinks 'we could experience a similar pattern as the 1987 crash'[more]

    From Businessinsider.com: A $5.4 billion hedge fund told clients markets could tumble just like they did in the 1987 crash. In a February 14 letter to clients, London-based Chenavari Investment Managers warned about current market conditions. From the letter (emphasis added): "Our view is that

  2. Active funds shone in selloff, just like they said they would[more]

    From Bloomberg.com: For years, it's been the same refrain. Don't bail on active management, you'll regret it when the market turns sour. And while the selloff that ripped through equities this month has been too short to prove anything, early returns suggest they had a point. Thanks to differentiate

  3. No place to hide: managed futures funds fall with stocks[more]

    From Barrons.com: Managed futures mutual funds haven't lived up to their billing of providing uncorrelated returns so far in 2018, continuing a disappointing multiyear stretch. The $10 billion AQR Managed Futures Strategy, the largest fund by a wide margin in the category, was down 2.75% year-to-dat

  4. Investing - Hedge fund Bridgewater makes $22 billion bet against European firms, Hedge funds Steadfast and Suvretta jump onto CSX in fourth quarter, Tepper's Appaloosa boosts Apple, Facebook as others bolt, Third Point buys Netflix and MGM, dumps Bank of America, Moore Capital bought Wynn Resorts, other casino stocks before Steve Wynn resigned[more]

    Hedge fund Bridgewater makes $22 billion bet against European firms From Reuters/USNews.com: Bridgewater has shown its hand in Europe with a $22 billion bet against some of the continent's biggest companies, filings reviewed by Reuters show, part of a bigger shift by the world's largest

  5. Funds Profiles - Brother-run hedge fund up 46% in 2017 says Kelly formula shows diversification is flawed, How a 6,000% profit on a single trade saved a small hedge fund from disaster[more]

    Brother-run hedge fund up 46% in 2017 says Kelly formula shows diversification is flawed From Valuewalk.com: When Jeremy and Michael Kahan consider the notion of diversification, the wince. With a return of 45.8% to end 2017, their stock-picking fund, North Peak Capital, successfully