Wed, Oct 7, 2015
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. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with

  4. A hedge fund strategy that seems to have fizzled[more]

    From The hedge fund strategy that has attracted the most money this year is on course to cause some of the biggest losses for investors, in the latest example of the dangers of going with the crowd. Institutions and individuals have piled an estimated $20 billion (Dh73 billion) into ma

  5. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i