Sun, Apr 26, 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 9

Saturday, March 05, 2011

Last week we learned fund launches continued at a steady pace through the end of 2010, outpacing liquidations for the first time since 2007. We heard of launches from NJ-based Stone Toro Asset Management (long/short technology); S Goldman Asset Management (event-driven); former DE Shaw and Goldman employees (Meng Liang and Kevin Zhang) (China focused private equity); Guggenheim Partners; and an Asia focused fund from JP Morgan (natural resources) – which also announced that it would push ahead with plans to move prop trading into asset management division (internally seeded with $2bn)

Ex-tennis pro Stefan Edberg launches asset management firm with former Catella hedge fund managers; Highland Capital Management will offer two new hedge funds (distressed credit and event driven credit); F&C has announced plans to launch Thames River European absolute return (absolute returns) fund structured as a Ucits III Oeic; and Threadneedle has closed its European Smaller Companies Crescendo hedge fund and launched a new absolute return portfolio focused on the region.

The much-awaited fund from former Goldman Sachs Sachs Group Inc. star trader Morgan Sze has been registered with a Hong Kong regulator and Dan Benton is reopening his technology-focused hedge fund Andor.

Lindsell Train Investment Management has reported plans to close its Japanese Equity fund, a long only-strategy, domiciled in Dublin; New Jersey-based fixed income Barnegat Fund will consider considering closing its fund again as AUM is back at $500m; and Highbridge Capital Management LLC, is liquidating its $1.4 billion Asia Opportunities Fund after star manager Carl Huttenlocher resigned.

Th......................

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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

  4. Update: Wall Street has strong feelings about Jon Corzine trying to make a comeback[more]

    From Businessinsider.com.au: Former New Jersey Governor Jon Corzine is thinking about starting his own hedge fund, according to the Wall Street Journal, and because of the way his last firm imploded, Wall Street has strong feelings about that. “Truth is the larger seeders would never give him money

  5. Opalesque Exclusive: Cybersecurity and hedge funds - A manager’s experience, Part Four[more]

    Benedicte Gravrand, Opalesque Geneva: Ruane, Cunniff and Goldfarb, Inc. used to have their own IT infrastructure. Todd Ruoff, Executive Vice President in charge of trading, operations and technology, was responsible for its maintenance. Then he started looking at outsourced providers a couple of

 

banner