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Last week, we heard of fund launches from UK ex-prime minister Tony Blair who has teamed up with a private equity veteran to launch Collabrium Capital (FoHF and fund of private equity funds), former Deephaven Capital Management PM Edouard Salet will launch a fund this summer (global long/short equity), Forex strategist Stephen Jen announced he will launch a fund, and eight Deutsche Bank traders led by Kay Haigh have left the bank to form a fund. Columbia Management announced the launches of two absolute return funds, Julian Robertson is reopening Tiger Management to outside investors for the first time in more than a decade, and Blackstone Group has announced it will spin off its maiden global infrastructure fund, which has raised just $350m from outside investors since its launch almost two years ago. UCITS announcements also continue to roll out with RAB Capital launching two new funds (mining and resources, and gold and precious equities), Matrix Asset Management will launch a Europe long/short fund (targeting markets such as Russia, Poland, the Czech Republic, Austria, Greece and Turkey). Axa Investment Managers has launched the AXA World Fund Multi Alpha, and Aberdeen Asset Management will launch the MM Diversified Alpha fund. Ironbound Capital has reported the closure of its flagship Ironbound Partners Fund which implemented a global long/short equity strategy. The Hedgegate Swiss funds of hedge funds Index was down 0.23% in January; the Credit Suisse Liquid Alternative Beta Index up +1.28% in March (+4.39% YTD); the IndexIQ Hedge Global Macro Beta Index up +1.12% (+1.06% YTD); the HFRX Global Hedge Fund Index down 0.88% (+0.40% YTD); the 2n20: UCITS HFS Index loses 0.79% (-0.68% YTD); the HFRI Fund Weighted Composite Ind...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, April 09, 2011
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