Wed, Sep 3, 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 8

Saturday, February 26, 2011

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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the study

  2. Legal – GE Capital and Petters-related hedge fund in legal battle, SEC sanctions Donald Brownstein's hedge fund over conflicts of interest[more]

    GE Capital and Petters-related hedge fund in legal battle From Startribune.com: A billion-dollar legal battle is brewing in Florida over who knew what and when about the decade-long Ponzi scheme operated by former Wayzata businessman Tom Petters. The bankruptcy trustee for two failed Flo

  3. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  4. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius