Sun, Aug 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 22

Saturday, June 04, 2011

With a shortened week in the UK and the US there were only a few launch announcements this week. We learned that Matthew Cartwright has left ADM Capital and is planning the launch of a fund (Asian distressed debt). Former investment head for Fortress in Hong Kong, Stanley Ku is setting up Complus Asset Management. Dan Carroll has launched Ratel Capital Management (event-driven), and Alan Landau has launched Novel Asset Management (rare diamond trading). Also, the Ignis Argonaut European Alpha Fund announced the launch of a new Euro unit class that focuses on non-Euro-zone countries, the firm is also planning to expand its range of absolute return products with a second fixed-income fund.

BlackRock has announced the closure of its closed-ended Absolute Return Strategies fund of hedge funds. Citigroup will also shut down its $400 m proprietary fund, and it is anticipated that the bank will shutter more funds as well in light of prop trading rules related to Dodd Frank regulation.

GAIA Capital Management’s Japan focused hedge fund lost most of its assets following the earthquake.

Making gains in asset size are Integrated Managed Futures, which has grown to $50m since its 2007 launch, Zeal Asset Management, which has grown fivefold to $200m since its launch in January 2010. Steve Cohen’s SAC Capital has managed to raise an additional $250m from investors on strong performance gains even as the SEC heavily targets his firm. And, NewAlpha Asset Management has announced its 16th strategic investment with PAMLI Capital Management LLC.

Performance reports showed that most hedge funds lost money in May's volatile markets, with stock- and commodity-focused funds bearing some of the biggest losses. Och Ziff reported flat returns in May for the firm’s flagship fund, with its Asia fund do......................

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 - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Opalesque Exclusive: Credit-focused hedge fund Numen Capital expects more volatility in Europe in coming months[more]

    Benedicte Gravrand, Opalesque Geneva: A London-based hedge fund, which has just hired two emerging managers, is cautious on Europe. Vassilis Paschopoulos and former Lehman’s colleague Nikos Kargadouris, launched a London-based credit-focused hedge fund called

  5. Performance - Hedge funds bruised by stocks’ meltdown, Capstone’s volatility hedge fund is having a monster month thanks to market mayhem[more]

    Hedge funds bruised by stocks’ meltdown From WSJ.com: Hedge-fund managers like to promise their investors protection from market swings. In the recent stock swoon, many were caught off guard. Billionaire managers such as Leon Cooperman, Raymond Dalio and Daniel Loeb are deeply in the red

 

banner