Wed, May 25, 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 1

Saturday, January 08, 2011

Komfie Manalo, Opalesque Asia:

Last week, we heard of fund launches from well known industry names such as former Icahn Management Head Rupal Doshi, who will launch Corvex (long/short activist), and former Galleon Group Co-Founder Gary Rosenbach who will give it another go with a new hedge fund firm named Rockledge Capital Management LLC. Other spinouts include Insight Capital Research & Management PMs Lance Swanson and Lee Molendyk who will launch Diablo Vista Capital Partners (long/short equity) and Moore Capital trader Paul Findley who will launch Bramshott Capital (long/short equity) with the backing of his former firm.

Algert Coldiron Investors unveiled a second global equity market neutral fund and Headstart Advisors launched the Limestone Global Emerging Markets Fund. Deutsche Bank’s mutual fund unit will dip its toe into hedge fund waters in 2011, launching a hedge fund for private investors in the first quarter, Morgan Stanley and Algebris announced a partnership for a UCITS III long/short global equity fund that will focus on financials, and Kotak Mahindra Bank launched the India Absolute Opportunities Fund to focus on the upside in Indian shares.

At least one fund closure was reported with London-listed Polar Capital announcing that its Polar Capital Discovery Fund (global macro) will close and return investors’ money.

Hedge Fund Research’s HFRX Index returned 4.52% this year to December 28; UCITS Alternative Index Global performance in December is up 1.07% (1.86% YTD), UCITS Alternative Index Fund of Funds up 0.60% (-0.14% YTD); and The Parker FX Index returned -0.39% in November (+1.66%YTD).

With year-end comes the media focus on hedge funder salaries, and 2010’s biggest winners once again post numbers that astound. Multi-billionaire hedge fund manager John Paulson posted impressive gains once again in 2010, with his personal assets from fund profits estimated to jump by GBP 800m; while Comac foun......................

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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera

  4. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  5. Mitch Petrick leaves Carlyle as his hedge fund unit suffers losses while assets expand[more]

    Komfie Manalo, Opalesque Asia: Mitch Petrick will be leaving Carlyle Group as head of its hedge funds unit overseeing about $34bn as of March 31, after several funds under his management suffered losses while assets expanded, various media reported. Petrick joined Carlyle in 2010 and was a former