Thu, Jul 27, 2017
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. Investing - Hedge fund CQS favors structured credit, Direct lending funds' fading all-weather appeal, Funds hunt for cracks in most-prized US shopping malls[more]

    Hedge fund CQS favors structured credit From BArrons.com: A hedge fund manager that can invest across the investment landscape says in his latest semi annual report this week that he's finding opportunities in structured credit -- particularly the shorter term, floating rate kind. Exampl

  2. Launches - Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle, Jersey players institutionalize first regulated crypto-currency hedge fund[more]

    Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle From Coindesk.com: The operators of a regulated, Jersey-based bitcoin hedge fund have officially closed a new $5 million fund aimed at investing in cryptocurrency tokens and initial coin offerings (ICOs). Backed by fun

  3. SWFs - China Wealth fund backs TPG lender as part of U.S. property push[more]

    From Bloomberg.com: China Investment Corp., the sovereign wealth fund that controls $814 billion in assets, is betting on U.S. real estate by investing in a commercial real estate lender formed by the money management firm TPG. In conjunction with last week's initial public offering of TPG RE Financ

  4. Months to minutes: Enigma launch aims to boost crypto hedge fund creation[more]

    From Coindesk.com: What if starting a hedge fund was as easy as downloading an API? A startup incubated at MIT Media Lab is today revealing a product designed with this ease-of-use in mind. Called Catalyst, the first product offering by blockchain startup Enigma aims to trigger nothing short of an e

  5. Seward & Kissel launches new compliance service[more]

    Bailey McCann, Opalesque New York: The law firm that formed the first hedge fund - Seward & Kissel - has launched a new compliance service for asset managers. Seward & Kissel Regulatory Compliance, or SKRC, offers full-scale regulatory compliance consulting solutions provided by the firm's attor