Sat, Oct 1, 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 4

Saturday, January 29, 2011

Last week, we heard of fund launches from Armajaro Asset Management, which will launch the Armajaro Natural Resources Fund in February with $70m in assets. We also learned Boaz Weinstein will launch the Saba Capital Tail Risk Fund (tail risk strategies) with $160m, Causeway Capital Management is launching the Causeway Global Absolute Return Fund, Adeos Advisers (formerly SRM Advisors) brings a special situations fund to market, and three new value strategy products were introduced by Oxeye Strategies.

GSO/Blackstone launched the Blackstone/GSO Long-Short Credit Income Fund (l/s fund), and top Turkish investor Ahmet Dedehayir returns to investing and launched Turkeys’ first hedge fund, the Arma Portfolio Management. Major banks rolling out new funds included JPM Global Natural Resources (resource fund), and Deutsche Bank launched a second hedge fund exchange traded fund, the db x-trackers db Strategies Hedge Fund Index.

We learned that Aspect Capital launched a UCITS version of its flagship offshore fund, and funds of funds launches announced this week include Trinity Capital Partners the new Quaestus Capital fund (seeder), and the John Hancock Alternative Asset Allocation Fund (multi-manager).

Mutual funds continue to knock hedge fund industry’s door with the launching of the Frost Diversified Strategies Fund (a mutual fund that acts like a hedge fund) and Forward Management’s new Tactical Enhanced Fund, a mutual fund based on a hedge fund strategy. And the much-awaited “Twitter fund” from Derwent Capital Markets will be delayed to April due to higher-than-anticipated interest from clients.

There were also closures reported last week as Artradis Fund Management Pte said it would close down its Artradis AB2 Fund and redeem investor’s money, “relatively disappointing performance,” is behind the closure of Cheyne Capital’s Macro......................

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. Opalesque Exclusive: BlackRock taps Artivest for alternative investment platform partnership[more]

    Bailey McCann, Opalesque New York: BlackRock will be working with New York-based Artivest to provide a platform for broader distribution of BlackRock alternatives funds. Artivest is a technology-driven alternative investment platform that also offers brokerage services. BlackRock has approximatel

  2. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as

  3. "Hedge fund industry needs to shrink"[more]

    Komfie Manalo, Opalesque Asia: Writing for CNBC, Josh Brown, creator of The Reformed Broker blog and financial advisor for Ritholtz We

  4. Strategy - Voyager Management wants to invest in smaller hedge funds[more]

    From Valuewalk.com: Voyager Management, a $475 million fund of funds, is looking to downsize the hedge fund’s in which they invest, looking for smaller funds with assets under management that enable the fund to be nimble. The fund is looking for noncorrelation and will consider long / short equity

  5. Asia - Quant hedge funds are China's hot new export, Europe banks return to Korean brokerage market; target debt, alternative products[more]

    Quant hedge funds are China's hot new export From Bloomberg.com: Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to