Mon, Jan 26, 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 13

Saturday, April 02, 2011

Last week, we heard of fund launches from Thames River (absolute return), we learned GAM will launch a UCITS III version of its fund of hedge funds, and Arrow Funds announced another alternative investment mutual fund (commodities). There was an update on Morgan Sze’s $1bn+ fund (it launched in Hong Kong this past Friday), Sentosa Capital set up a fund (Asia focused credit), LNG Capital (offshore European corporate bond UCITS fund), and Act II Capital Specialist Equities Fund launches as UCITS III with $50m.

Opalesque also learned that Stephen Diggle, ex-managing partner and co-founder of Artradis, will launch two funds, the Artradis Russian Opportunities and Artradis Testudo.

We also heard that newly launched Sovereign Wealth Fund by Taurus Orators, aims to top $150bn assets in first year.

In a unanimous vote at Ashmore, the Board of Directors of Global Opportunities Limited rejected a resolution that suggests closure of the company. Meanwhile two funds announced they would shutter, including Citadel LLC, which will close a residential mortgage funds after its portfolio manager left the firm, and tech hedge fund FISAM Capital, closed its doors a few weeks ago after a large investor redeemed its money.

The Morningstar 1000 Hedge Fund Index up +1.5% in February; and the Parker FX Index up 0.06% (-0.73% YTD).

Man Group is aiming to raise additional assets and......................

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 - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  2. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r