Sat, May 30, 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 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 Citigroupís 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. Opalesque Exclusive: New TMT hedge fund adopts the long-term approach[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Adam Parker founded Center Lake Capital LLC in New York in November 2014. Before that, he was portfolio manager at Point State Capital (the successor fund to Dr

  2. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Icelandís failed banks face a tax that targets the lendersí estates as the government prepares to unveil its plan for exiting capital controls in t

  3. Investing - Nelson Peltzís Trian Fund Management reduces position in Legg Mason, Biotech investors up big amid bubble talk, Hedge funds increase exposure in healthcare[more]

    Nelson Peltzís Trian Fund Management reduces position in Legg Mason From Octafinance.com: Trian Fund Management has filled a SC 13D/A form regarding Legg Mason, Inc. Per Nelson Peltzís Trian Fund Managementís filing, the filler reported decreased stake in the company by -11.05% to 11,03

  4. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AMís latest Weekly Briefing, in t

  5. Billionaire hedge fund investor Odey says April 'bloody', has cut risk[more]

    From Reuters/Yahoo.com: Billionaire hedge fund manager Crispin Odey has cut risk and leverage following a stunning 19.3 percent loss in his 3.1 billion euros (2 billion pounds) Odey European Inc fund in April, a letter to investors seen by Reuters showed. Describing the month as "bloody", Odey

 

banner