Wed, Jul 8, 2015
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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner