Sun, Sep 24, 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 41

Saturday, October 16, 2010

Kirsten Bischoff, Opalesque New York:

Last week, we heard of fund launches from Wykeham Capital (Asia focused long-biased, small and micro cap equities), Amber Capital (global long/short focused on consumer, retail and ag stocks), GLG (multi asset, global macro UCITS), and a new Brevan Howard listed feeder fund company (investing in the firms credit catalyst fund).

Also launching is a mortgage hedge fund from James Caird Asset Management, and three new investment vehicles from Galloway Capital, which rolled their global credit theme flagship to US investors, and added a Latin America fixed income fund and a Brazil fixed income fund to their offerings.

Astounding asset raises by Goldman alum set new highs for 2010 this week as we learned Mark Carhart’s long-awaited Kepos Alpha Fund (multi-asset) will launch in November as will former GS traders Madelblatt, (equities) and Flamand’s funds, with the each of the trio already raising $500m prior to their official launches. Also showing strength this week in asset-raising is asset management firm Angelo Gordon, which just raised $625m for a new Asia Realty Fund.

In fact, stories of larger asset raises dot the news more often, even as most managers struggle to find investors interested in entering the markets at all. However, the bump up in launch announcements (mainly from prop traders spinning out of banks), as well as Cayman officials reporting fund registrations climbing 5% has some observing Hedge funds rush to the market as investors' appetite for alternative assets increases. (Which we might consider an overstatement this early into the ‘recovery’ of industry assets).

September Indices reflected a good month with:......................

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. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  3. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  4. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  5. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N