Tue, Mar 3, 2015
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. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie