Wed, Sep 3, 2014
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 20

Saturday, May 21, 2011

We learned of launches from Gramercy (master fund with exposure to firm-wide strategies), Para Advisors (multi-strategy UCITS), former Tiger Asia pro Hugh Kim (Greyson Asia Fund a long/short equity strategy), Implied capital (offshore market neutral), and Jeff Middleswart announced he would launch a fund in July (short-selling).

Also announcing a new fund launch was Tiedemann Wealth Management which launched the TWM Partners Fund (global, multi-manager strategy), SAC Capital (quant fund), APG (hedge fund incubator), Palmer Square Capital Management (mutual fund of funds), Deka (multi strategy UCITS), and Stuart Bohart will launch a second and third fund at Fortress.

We also heard that the $40m Twitter based hedge fund Derwent Capital Markets is now open for business.

At the end of the week, the perhaps unsurprising news hit that FrontPoint Partners will close most of its funds by the end of the month due to the effects of its association with the insider trading scandal.

Hedge funds April performance numbers continued to trickle in with multi-strategy hedge fund EMAR fund securing gains, up 1.66% in April, and bringing Citigroup’s Mortgage/Credit Opportunity Fund to 16% YTD, and Arcanum's REIT hedge fund reporting an annualized return of 23.4% in 3 years. Paradigm Capital Management also announced its investment at Stryker Corp., yielded the firm 53% returns.

Global hedge fund assets reached $2.02tln as industry leverage declined, said Hedge Fund Research this week. The return of assets has helped several batte......................

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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the study

  2. Legal – GE Capital and Petters-related hedge fund in legal battle, SEC sanctions Donald Brownstein's hedge fund over conflicts of interest[more]

    GE Capital and Petters-related hedge fund in legal battle From Startribune.com: A billion-dollar legal battle is brewing in Florida over who knew what and when about the decade-long Ponzi scheme operated by former Wayzata businessman Tom Petters. The bankruptcy trustee for two failed Flo

  3. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  4. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius