Tue, Sep 27, 2016
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. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  5. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco