Sat, Feb 28, 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 21

Saturday, May 28, 2011

Second and third generation managers continue to announce fund launches with news of former Highbridge Capital Management manager Carl Huttenlocher near launch on a hedge fund in Hong Kong, former Tiger Asia MD Hugh Kim launching Greyson Capital Management (domestic demand industries in Japan, China and South Korea), and former Shumway Capital pro Paul Hudson is launching a new fund (Glade Brook Capital). Robert Bierig (formerly of Geico Investments) will also launch his first fund, Amethyst Capital Partners (long-biased, concentrated value).

Principia Capital Advisors is set to launch a $750 million-plus Asia hedge fund (CTA) Patrick Quinn has launched the Quinn Opportunities LP (event-driven), and BGB Weston launched the BGB Opportunity fund (managed futures). Pictet also announced the Total Return-Kosmos UCITS III Fund (long/short credit fund).

Industry-wide, hedge fund redemption requests are on the rise after the commodities route early this month. Individual funds that are liquidating include Black's Link Capital, which will return investors capital after only one year in operation and FrontPoint Partners’ flagship FrontPoint Multi-Strategy Fund.

Global hedge funds reached $1.81tln in April as assets gained $52bn, Eurekahedge said. More hedge funds are tapping into first-loss capital to raise assets. Capital erosion fear sparks surge in low-volatility funds. BT Financial Group to invest $400m in U.S. fund of hedge funds. Swiss funds of hedge funds increased assets 3% in Q1. Year end results showed Man Group's funds under management up 3%. Hedge fund Prosiris Capital secured assets from Investcorp. BlackRock expects inflows into global macro (video).

Hedge fund performance varied in May with big hedge funds run by Paulson, Tudor and FX Concepts taking hits during the month.......................

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. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie