Mon, May 1, 2017
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. Opalesque Exclusive: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  3. Investing - How Chipotle's comeback attracted big data robots and value investors alike[more]

    From Forbes.com: When William Ackman's ailing hedge fund Pershing Square Capital Management bet $1 billion on shares in Chipotle Mexican Grill beginning in July 2016, the stakes couldn't have been higher. Pershing Square was reeling from what would eventually be a near $4 billion loss in drugmaker V

  4. Gondor Capital sees challenges ahead for financial markets as two hedge funds post strong gains in Q1[more]

    Komfie Manalo, Opalesque Asia: Vincent Au, portfolio manager of New York-based hedge fund firm Gondor Capital Management believes that the remaining of the year would be challenging for the financial markets even as his two hedge funds maintain

  5. Service Providers - Colemore launches fee tracking service for limited partners[more]

    Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort. There is a glob