Tue, Jun 28, 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 18

Saturday, May 07, 2011

Man Group announced one of the biggest hedge fund launches this year with the unveiling of the $1.5bn Nomura Global Trend fund (Japan-focused and event-driven). David Tepper is reported to be planning to seed a new fund that's being launched by Matthew Knauer, one of his senior analysts at Appaloosa. HSBC Alternative Investments Ltd announced the expansion of its flagship HSBC GH Fund of Hedge Funds to clients holding CNH deposits. Pulse Capital Partners, LLC has announced a partnership with Hong Kong-based asset manager Ardon Capital Management Ltd. to launch an Asia-focused event-driven fund. And, Old Mutual Asset Managers (OMAM) has scrapped plans to launch a retail version of its British equity hedge fund.

Justin Pollock said he would close CastleBay Capital Management after failing to attract enough capital.

Hedge funds continue to report their performance for April, with the Paulson Advantage Fund posting a -3.57% YTD loss (through April 22) and YTD losses of -1.7% in the firm’s Advantage Plus Fund. However, Paulson’s Credit Opportunities fund was up +1.4% in April (+7.8% YTD). Ken Griffin’s Citadel funds had modest gains in April, rising just 0.44% while the S&P 500 rose 2.85%. Fortress Investment Group (FIG) has announced that its assets expanded 43% to $43.1bn from a year ago. Peregrine’s South African hedge funds returned 2.09% in April (+4.70% YTD). Catastrophe-risk specialist Nephila Capital lost almost 5% in March after the Japan earthquake and tsunami.

According to Dow Jones Credit Suisse, hedge fund assets expanded 2.2% in the first quarter and attracted $10.1bn in fresh inflows. The assets of Asian-focused hedge funds are expected to reach $180bn by the end of this year. Audley Capital is opening its flagship fund to new investments. Palmer Square invested $25m to seed lo......................

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. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  2. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  3. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  4. People - Mariner Investment’s co-CIO Williams to leave $5.5bn firm, IOOF hires new alternatives portfolio manager[more]

    Mariner Investment’s co-CIO Williams to leave $5.5bn firm From Bloomberg.com: Basil Williams, co-chief investment officer of Mariner Investment Group, is leaving the $5.5 billion hedge-fund firm after negotiations to renew his contract failed. Williams will stay in his role until t

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.