Sat, Apr 29, 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 8

Saturday, February 26, 2011

A roundup of the week’s hedge fund launches, closures, index performance, trends, regulatory, legal, and financial events pertaining to the alternative investments industry.

Last week, we heard of fund launches from former Third Point and Brahman Capital employees Howard Shainker and Akiva Katz with the launch of Bow Street as well as the interesting news that JPMorgan Chase is believed to be planning to launch a $1.2bn social media fund. JP Morgan is also launching an emerging markets currency fund (UCITS) and RAB also announced UCITS version of its Polaris Europe Fund (long/short equity). Northwest Investment Management Ltd., is trying to raise $250m to launch the Northwest Equity Alpha Fund (market-neutral) in April, after four years of incubation, Niagara Capital Partners finally launches the Niagara Discovery Fund Ltd, and after ten years of incubation $2.1bn BTS Asset Management is expanding its fixed income strategy to include external investors.

We learned former Goldman Sachs Group Inc star trader Morgan Sze is finally close to launching his $1bn Azentus Capital hedge fund, and the “one guy and a Bloomberg in a garage” dream is not dead, as US Senator Ron Wyden launched a $3m fund after an internship at DE Shaw. Overall, the outlook for fund launches is strong and Gravitas’ Jayesh Punater opined that he is expecting more hedge fund launches from proprietary trading desks this year.

The largest Scandinavian hedge fund Brummer & Partners will close its Asia-focused equity fund after poor performance.

The Morningstar 100 Hedge fund Index was up 0.4% in January; the Parker FX Index was down 1.01% for the month of January; Alix Capital launched a UCITS Alternative Index; the Citic Carbon Asset,......................

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: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  3. Investing - How Chipotle's comeback attracted big data robots and value investors alike[more]

    From Forbes.com: When William Ackman's ailing hedge fund Pershing Square Capital Management bet $1 billion on shares in Chipotle Mexican Grill beginning in July 2016, the stakes couldn't have been higher. Pershing Square was reeling from what would eventually be a near $4 billion loss in drugmaker V

  4. Gondor Capital sees challenges ahead for financial markets as two hedge funds post strong gains in Q1[more]

    Komfie Manalo, Opalesque Asia: Vincent Au, portfolio manager of New York-based hedge fund firm Gondor Capital Management believes that the remaining of the year would be challenging for the financial markets even as his two hedge funds maintain

  5. Service Providers - Colemore launches fee tracking service for limited partners[more]

    Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort. There is a glob