Fri, Apr 25, 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. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  2. Regulatory – Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades, Alternative funds to get SEC test for leverage, liquidity[more]

    Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades From Thelawyer.com: A recent Wall Street Journal article — ‘Activist investors often leak their plans to a favoured few’ — focused attention on ‘activist’ investors and stock analy

  3. …And Finally – This week's least competent criminal is Austrian[more]

    From ABCnews.go.com: A German sought by authorities for alleged fraud has been arrested in Austria — after dropping into a police station to ask officers whether he was under investigation. Police in Salzburg said the 59-year-old man walked into a police station in the city on Friday night. Sp

  4. Investing – Hedge funds find pitfalls along with profits in real estate ventures, Marcato Capital Management makes new bet on Dillard’s[more]

    Hedge funds find pitfalls along with profits in real estate ventures From Law360.com: Hedge funds have joined the rush to real estate deals and development in recent months to close the financing gap left by tightening bank standards, but attorneys say many aren't prepared for the disclo

  5. Agecroft Partners estimates 90% of hedge funds using social media[more]

    The use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media is broadly used by investors as part of their due diligence process on hedge funds, by service providers in their sales efforts to hedge funds, and by hedge funds to enhance