Sat, Nov 1, 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 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. Macks aim to raise $750m for real estate debt fund[more]

    From Therealdeal.com: Father-son duo William and Richard Mack and former Blackstone Group managing director Peter Sotoloff are starting a new real estate debt fund. Together, the trio hopes to raise more than $750 million for the private equity fund, according to the Wall Street Journal. The fund wi

  2. Manager Profile - Seth Klarman: Lessons for retail and institutional investors[more]

    From Valuewalk.com: Seth Klarman is virtually unknown outside value circles, despite his impressive record and value of assets under management. On average Baupost has returned 19% p.a. despite holding a large portion of its assets in cash. During the financial crisis, Seth Klarman’s funds lost some

  3. North America - FATCA leads 75% of U.S. expats to consider dropping citizenship[more]

    From International-adviser.com: Nearly three quarters of American expats are considering the renouncement of their citizenship following July’s introduction of the “absurd” Foreign Account Tax Compliance Act (FATCA). The findings, which were revealed in a survey by deVere, come alongside the news th

  4. New app allows asset managers easy interaction with portfolios, securities, holdings, transaction details[more]

    Komfie Manalo, Opalesque Asia: Global financial services software company SS&C Technologies Holdings has launched Explorer, a powerful data visualization and analysis tool that turns critical investment data into meaningful information. Explore

  5. Opalesque Exclusive: Mariner’s new healthcare mandate applies strategic approach across pharmaceutical and biotech sectors[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A team of two was hired in February this year t