Mon, Feb 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. Opalesque Exclusive: Swiss investors take fund seeding and acceleration into their own hands[more]

    Benedicte Gravrand, Opalesque Geneva: Banque Bonhote, a 200-year old Swiss private bank, last year launched a community of investors - heads of Swiss family and advisory offices and wealth managers - with the aim of co-investing in the kind of managers they wanted to invest in, either by way of s

  2. K2 Advisors : Why We Like Activist Hedge Fund Strategies and Some Thoughts on Alpha[more]

    Matthias Knab, Opalesque: Rob Christian, Senior Managing Director, Head of Research K2 Advisors, Franklin Templeton Solutions, writes on Harvest Exchange: When d

  3. Ex-Navy SEAL backed by Mario Gabelli, Jean-Marie Eveillard and other value giants off to strong start[more]

    From Valuewalk.com: Sententia Capital Management is not your average value focused hedge fund. The fund was founded by Michael Zapata, a former Navy Seal Team 6 Officer and has attracted funding from some of the best-known names in the value space. Mario Gabelli, Jean-Marie Eveillard from First Eagl

  4. Europe - 1 trillion euro non-performing loans are clogging EU lending channels[more]

    From Centralbanking.com: As much as 1 trillion euro of non-performing loans (NPLs) are still clogging the lending channel in the European Union. An EU asset management company (AMC) could address market failures in the secondary market for NPLs as part of a suite of measures designed to tackle the b

  5. Investing - Hedge funds' novel approach: investing for longer at lower returns, U.S. hedge fund Delta Partners lifts stake in Bellamy's, Hedge funds stockpile cobalt, electric carmakers on battery alert, Facebook is racking up the likes among the world's biggest hedge funds, Einhorn affirms gold on Trump uncertainty[more]

    Hedge funds' novel approach: investing for longer at lower returns From FNLondon.com: Hedge funds are known for making short-term bets, dipping quickly in and out of markets to take advantage of swings in prices. But, under pressure to innovate, some big-name managers are looking at ways