Fri, Dec 15, 2017
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

A roundup of the week’s hedge fund launches, closures, index performance, trends, regulatory, legal, and financial events pertaining to the alternative investments industry.

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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  3. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  4. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  5. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c