Fri, Feb 27, 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. Opalesque Exclusive: Very small CTA averages 6.90% per month since April’14 inception[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: There aren’t many one-man shops around in the hedge fund world but we talked to one. Andrew S. Peskin, who is ba

  2. Investing - Top U.S. hedge funds cut Apple stakes ahead of all-time high, John Paulson holds gold ETF in Q4 but cuts back on some miners, Hedge funds exited tumbling oil company shares late last year, Some top investors exit Herbalife, Soros added shares in fourth quarter, Moore Capital boosts U.S. financial holdings, reduces China bets[more]

    Top U.S. hedge funds cut Apple stakes ahead of all-time high From Reuters.com: Top U.S. hedge fund management firms, including David Einhorn's Greenlight Capital and Philippe Laffont's Coatue Management, reduced their stakes in Apple Inc during the fourth quarter, ahead of the iPhone mak

  3. Opalesque Exclusive: Skënderbeg launches four single-manager funds with Your Wealth AG[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Skënderbeg Funds AGmvK, an investment fund for qualified investors under Liechtenstein law (umbrella fund),

  4. Opalesque Roundtable: Many Swiss investors are questioning the value proposition of hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: There is a well-known transition among investors in hedge funds between high-net-worth individuals and institutional investors, Ian Hamilton, head of the IDS Group, said during the recent

  5. UCITS HFS Index starts year on positive note with 1.09% gains in January[more]

    Komfie Manalo, Opalesque Asia: The UCITS HFS Index started the year on a positive note gains of 1.09% in January after finishing 2014 with a modest performance of 1.62%. Index provider 2n20 said th