Wed, Aug 24, 2016
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. LatAm hedge funds surge in 1H to +24.4%, emerging markets assets rise[more]

    Komfie Manalo, Opalesque Asia: Hedge funds investing in Latin America posted strong gains through mid-2016, reversing declines in four of the past five years, including the last three years, to lead all areas of hedge fund performance through the first half of 2016, according to the latest HFR Em

  2. Asia - LGT Capital Partners: Alternatives set for continued rise in Asia[more]

    From Asianinvestor.net: More flows are likely into insurance-linked strategies, private equity and trend-following strategies/CTAs, given the benefits of such investments, argues LGT Capital Partners. Despite the numerous quantitative easing programs and bailouts of recent years, the quest for

  3. Investors yank money from hedge funds after poor performance[more]

    From Marketwatch.com: A growing exodus from hedge funds extended to two of the biggest names in the industry Tuesday, Tudor Investment Corp. and Brevan Howard, as disenchanted investors increasingly shun what was once the hottest place to put money. The funds’ problem is clear: They just aren’t perf

  4. Banks look at hedge funds differently - and it should matter to allocators[more]

    From Valuewalk.com: Looking at two bank reports on the same topic can often yield interesting results. There are times when bank research is best viewed from the standpoint of how their analysis does or does not correlate with one another. Regarding hedge fund allocation decisions, one bank appears

  5. Legal - Hedge fund’s fixer kept deals flowing with bribes, U.S. says, Big four banks sued by U.S. hedge funds over BBSW, Lessons for hedge fund managers from the government's failed prosecution of alleged insider trading[more]

    Hedge fund’s fixer kept deals flowing with bribes, U.S. says From Bloomberg.com: With the Miami villa, stopovers at New York’s Plaza Hotel and millions channeled in bribes to win mining deals, Samuel Mebiame was the relationships guy in a corruption scheme that spanned continents, accord