Thu, Oct 2, 2014
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 2

Saturday, January 15, 2011

Last week, Opalesque readers learned about fund launches from Ping Jiang’s Ping Capital which will add an emerging markets macro fund to its roster, New York-based, $600m Helios Advisors (long/short energy), merger arb and long/short equity firm Alpine Associates Advisors has started a new hedge fund with $29.4 in initial assets. Geneva-based Peak Partners also announced the launch of a hybrid fund of funds , Lawrence Clark has left his post as senior analyst at Harbinger to launch his own fund (event driven), Braeside has launched a second fund with $73.86m, and two chess players and a private investigator have launched the Genius Hedge Fund.

Prop desk spin outs continue with Goldman Sachs traders Daniele Benatoff and Ariel Roskishas securing $300m in backing from hedge fund Brummer & Partners to spin out a fund of their own. Morgan Stanley has also announced the spin off its proprietary trading as an independent firm by the end of 2012; PDT Advisers will be run by current prop head Peter Muller. That bank also announced the addition of a 4th UCITS fund to its platform, a new Algebris long/short equities offering.

Only one fund announced a closure last week, with Galle Global Marco Partners, the fund founded by former Fortress exec Sri “Wije” Wijegoonaratna announced he would return investor assets after withdrawals drew down fund levels below funds needed “to support our original vision of a full-scale institutional macro business”. Also, ABL fund of funds the Belmont Asset Based Lending Fund began liquidating with Deloitte overseeing its sale by tender. Year-end Performance reports from hedge funds have started to trickle in and this week Audley Capital’s Julian Treger revealed to Opalesque that......................

To view our full article Click here

Banner

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. Legal - Court throws out lawsuits related to Fannie Mae, Freddie Mac profits, Insider case by SEC is a step removed from Herbalife itself, SEC grants Citigroup waivers, easing hedge-fund curbs[more]

    Court throws out lawsuits related to Fannie Mae, Freddie Mac profits From WSJ.com: A group of Wall Street investors on Tuesday suffered a blow in their attempts to sue the federal government over their treatment of the shareholders of mortgage finance giants Fannie Mae and Freddie Mac af

  2. Launches - Goldman Sachs Asset Management launches GS Long Short Fund, Western & Southern launching international hedge fund, Lansdowne Partners plans energy hedge fund, RBC Global Asset Management launches new RBC Funds (Lux) - Asia Ex-Japan Fund, PVE Capital latest credit strategy to launch on the Sciens managed account platform[more]

    Goldman Sachs Asset Management launches GS Long Short Fund From Marketwatch.com: Goldman Sachs Asset Management has announced the launch of the Goldman Sachs Long Short Fund, which pursues high conviction investment ideas in global equity markets through a fundamental, bottom-up approach

  3. M&A - Goldman fund takes stake in Caxton, Neuberger Berman acquires Orchard Square hedge fund, Top banks, hedge funds buy Perzo messaging platform for $66m[more]

    Goldman fund takes stake in Caxton From FT.com: Caxton Associates, one of the best known macro hedge fund managers, has sold a 9.9 per cent stake in itself to a fund managed by Goldman Sachs, according to a letter sent to its investors. The investment in Caxton, which manages close to $8

  4. Unconstrained bond funds: Where hedge fund strategies meet mutual funds[more]

    From CNBC.com: For all the talk and buzz around indexes, or passive investing, the next big thing for bond mutual fund investors may be strategies that are the exact opposite. The rapid growth of "unconstrained bond funds" has been thrust into investor spotlight given last Friday's stunning news tha

  5. Service Providers - Aequitas Capital launches exclusive provider network for independent RIAs[more]

    From Insurancenewsnet.com: Aequitas Capital, a diversified financial services company, has launched the Aequitas Financial Services Network (AFSN), a singular member network of select product and service providers who offer diverse yet complementary capabilities designed to empower Registered Invest