Sun, May 24, 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 14

Saturday, April 09, 2011

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

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. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. Opalesque Exclusive: Ovation Partners targets opportunities where few "natural lenders" participate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Changes in financial regulations post-2008 (Dodd-Frank and Basel III) are forcing banks to significantly alter their core lending businesses. And as mid-sized

 

banner