Wed, Aug 5, 2015
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. Activist News - Celgene says patent-fighting hedge fund manager wants to short its shares[more]

    From Reuters.com: Celgene Corp, one of the world's largest biotechnology companies, has accused U.S. hedge fund manager Kyle Bass of attempting to profit from his attempts to wipe out several major drug patents through his Coalition for Affordable Drugs. The company asked the U.S. Patent and T

  2. Einhorn's Greenlight Capital hedge fund slumps 6.1 percent in July[more]

    From Reuters/Thefiscaltimes.com: Hedge fund mogul David Einhorn's Greenlight Capital slumped 6.1 percent in July and is now down 9 percent for the year after gold, one of the fund's top holdings, tumbled to five-year lows last week. Greenlight notified clients of its returns late on Friday, ac

  3. Performance - Some hedge fund small-cap energy stocks have been free falling, Dan Loeb's simple strategy destroys the market, Baupost lost 1.4% last quarter as energy bargains proved elusive[more]

    Some hedge fund small-cap energy stocks have been free falling From Marketrealist.com: According to a July 28, 2015, Bloomberg article, there was a 34% fall in small-cap energy stocks over the past three months. These shares are tracked by the Russell 2000 Energy Index. Small-cap energy

  4. Legal - Hedge funds hit Rothstein Kass with $75m malpractice suit, JPMorgan questioned on private bank’s hedge fund disclosures, Kijani fund, seized by regulators in Cayman Islands, spotlights risks in lightly regulated market[more]

    Hedge funds hit Rothstein Kass with $75m malpractice suit From Law360.com: Two investment funds have sued Rothstein Kass & Co. PC for at least $75 million, claiming the New Jersey auditing firm committed accounting malpractice by failing to properly scrutinize overblown valuations of the

  5. Assets - Hedge funds are getting smoked by the commodities slump, Global ETF assets could more than double by 2020[more]

    Hedge funds are getting smoked by the commodities slump From Businessinsider.in: The collapse in commodity prices has burnt another hedge fund. Vermillion, a commodity hedge fund backed by Carlyle Group, has seen its flagship fund's assets fall from nearly $2 billion to less $50 million,

 

banner