Wed, Jun 29, 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. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  2. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  3. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  4. People - Mariner Investment’s co-CIO Williams to leave $5.5bn firm, IOOF hires new alternatives portfolio manager[more]

    Mariner Investment’s co-CIO Williams to leave $5.5bn firm From Bloomberg.com: Basil Williams, co-chief investment officer of Mariner Investment Group, is leaving the $5.5 billion hedge-fund firm after negotiations to renew his contract failed. Williams will stay in his role until t

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.