Sat, Oct 10, 2015
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. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  4. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  5. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with