Sat, Jul 23, 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 30

Saturday, July 30, 2011

There were a few launches last week including credit managers Christofferson Robb & Company and Chenavari Investment Managers, which launched a combined $100m new hedge funds. We learned that Former Goldman Sachs trader Guy Shahar formed hedge fund DSAM Partners (European long/short equity fund), and that Dalton Strategic Partnership has hired Goldman Sachs’ Gaurav Pant to run the MST Indian Absolute Return Fund. AQR Capital Management created a reinsurance group to develop investment strategies, and we found out that former Highbridge Asia head Carl Huttenlocher plans to launch a hedge fund in September.

The most surprising news of last week was that George Soros announced the imminent closure of his $25.5bn hedge funds and make it a family office. A survey by Infovest21 showed that 56% of hedge fund managers are also planning to close their funds and run family offices. But industry analysts say Soros's family office move is unlikely to spawn flood of imitators.

Much of the talk this week also focused around the breaking news that Israel ‘Izzy’ Englander revealed plans to sell a minority stake in Millennium Management, currently estimated at a value of $300m to $500m.

In assets LionRock Capital Pte, said it would stop seeking outside investors for its hedge fund and will focus on managing the partners’ money. Keith Meister's Corvex Capital attracted $500m since the fund’s launch in March. SAC Capital Advisors LLP will close its flagship fund to new investors after achieving optimal size. And, with earnings week announcements came news that MF Global reported that its first fiscal quarter 2012 earnings rose 8% to $314.5m; and, T. Rowe Price announced its assets rose $11bn in Q2, to reach $520.9bn (up from $509.9bn at March 31, 2011).

Hennessee co-founder Charles Gradante said that hedge funds’ dismal per......................

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: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  4. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New

  5. SWFs - Abu Dhabi wealth fund says long-term investment gains fell[more]

    From Bloomberg.com: The Abu Dhabi Investment Authority, one of the world’s biggest sovereign wealth funds, said its long-term gains dropped in 2015. The fund’s 20-year annual rate of return slowed to 6.5 percent at the end of 2015, from 7.4 percent a year earlier, it said in its annual review. Over