Wed, Nov 26, 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. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  5. Gross: Inflation is required to pay for prior inflation[more]

    Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to