Wed, Aug 27, 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. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest