Mon, Oct 23, 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 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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad