Tue, Sep 1, 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 10

Saturday, March 12, 2011

Last week, we heard of fund launches from Stuart Powers, former partner at Chris Hohn’s The Children’s Investment Fund (global l/s equity); Och Ziff will launch Carnico Japan Fund (long/short equity); Horus Capital (quant pattern evaluation strategy); and Mellon Capital’s new Commodity Alpha Long Bias Strategy.

Michael Dell’s MSD Capital raised $780m for an energy fund; Phoenix Investment Advisers opened JLP Partners Fund (equities); Fortress Investment Group is targeting $500m for its new Asia fund (macro); and Duemme SGR, a unit of Mediobanca SpA, and hedge fund Algebris Investments LLP announced the launch of Duemme CoCo Credit Fund to specialize in contingent convertible bonds (coco bonds).

Bolivia’s Grupo Mercantil Santa Cruz set up Strategic Asset Management to bankroll its hedge fund launch later this year; Loomis Sayles & Co has launched its Ansolute Strategies Bond Fund; Swiss Hedge Capital launched a long/short fund; and Ramius will spin off its value and opportunity business into a separate entity to be managed by Starboard Value LP. Finally, we learned a little more about the much-awaited Twitter Fund, Derwent Capital, which will launch on April 1st.

Long Capital Management LLC, one of the four hedge funds raided by the Federal Bureau of Investigation in November has closed its fund; and Polygon Investment Partners LLP offered investors 72 cents on the dollar if they would withdraw from their remaining positions from its failed Polygon Global Opportunities Fund.

Also this week hedge fund manager Carl Icahn announced plans to return investor’s money, stirring up the media by saying he no longer wants to manage other people’s money in such unpredictable markets.

HFRX Global Hedge Fund Index gained 0.73% in February, (1.30% YTD); ......................

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. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Opalesque Exclusive: Credit-focused hedge fund Numen Capital expects more volatility in Europe in coming months[more]

    Benedicte Gravrand, Opalesque Geneva: A London-based hedge fund, which has just hired two emerging managers, is cautious on Europe. Vassilis Paschopoulos and former Lehman’s colleague Nikos Kargadouris, launched a London-based credit-focused hedge fund called

  5. Performance - Hedge funds bruised by stocks’ meltdown, Capstone’s volatility hedge fund is having a monster month thanks to market mayhem[more]

    Hedge funds bruised by stocks’ meltdown From WSJ.com: Hedge-fund managers like to promise their investors protection from market swings. In the recent stock swoon, many were caught off guard. Billionaire managers such as Leon Cooperman, Raymond Dalio and Daniel Loeb are deeply in the red

 

banner