Wed, Aug 20, 2014
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 24

Saturday, June 18, 2011

According to hedge fund data tracker Hedge Fund Research, there was an average of 4.5 hedge fund launches every business day during the first quarter of 2011. More recent launches include Deutsche Bank’s 5 international, currency-hedged, exchange traded funds. This week we also heard of funds from Seth Fischer (multi-strategy), Palo Verde Capital (diversified multi-strategy), and Alan Miller (low cost bond fund-of-ETFs). Hong Kong has granted Principia Capital Advisors an asset management license clearing the way for the launch its more than $750m hedge fund.

Horton Point LLC launched the Gallery Algo Fund (algorithm). Pensato Capital has launched its UCITS-compliant fund to outside investors, and the Scandinavian bank SEB and Conscendo Asset Management are to launch a new energy-focused UCITS hedge fund.

There was also a report of one fund closure as NEAS Energy Funds Plc announced it closed the NEAS Power Fund on June 17.

The world’s smallest hedge funds increased their assets by $16.3bn in Q1 as investors were on the hunt for ‘new blood’. Funds announcing growing assets include: Polar Capital (hit $3.9bn, a 53% asset increase), Taylor Woods Master Fund (passed the $500m mark), and this week, in a single day Bill Ackman’s fund earned an astounding $490m.

Ackman is also reportedly planning to launch an IPO to raise permanent capital for new funds, and FRM Capital Advisors and Eagle River Asset Management LLC have formed a strategic relationship to seed the latter with $100m in assets. Context Capital Partners has increased its investment in Betzwood Partners, which is David Sung’s market neutral, media, telecoms and technology-focused hedge fund. And, hedge fund firm CQS said it would close ABS fund when assets reach $2bn.

French firm Orion Financial Partners ......................

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. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Private equity follows hedge funds into reinsurance for long-term capital[more]

    From Artemis.bm: It’s not just hedge funds that are entering the insurance and reinsurance market in search of so-called long-term capital to put to work in their strategies, private equity firms targeting the space are also seeking opportunities to add assets under management. The entry of large pr

  3. North America – New York City’s next hot neighborhoods targeted with property funds[more]

    From Bloomberg.com: New York’s real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions. Seth Weissman is seeking investors to get in early on the next hot neighborhoods. The veteran of Goldman Sachs Group Inc. and hedge

  4. Investing – George Soros bets $2bn on stock market collapse, Warren Buffett's Berkshire reveals Charter stake, cuts DirecTV, Hedge funds lusting to cash out of MGM, Top hedge fund managers are buying Ally Financial, Hedge funds dumped 5m Herbalife shares in Q2, Paulson & Co hedge fund ups Puerto Rico real estate bet, Netflix Inc., Citigroup Inc, Google Inc are top new picks in Tiger Management’s 13F[more]

    George Soros bets $2bn on stock market collapse From Newsmax.com: Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion. The legendary hedge fund manager has been raising his negative bet on the Standard & Poor's 500 Inde

  5. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added