Thu, Jul 24, 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 34

Saturday, August 27, 2011

The launches reported last week were led by Sutesh Sharma, who announced plans to quit Citigroup’s proprietary trading unit to open his own hedge fund. Diego Parrilla, former head of Asian commodities at Bank of America Merrill Lynch launched the NARECO Commodity Low Vol Alpha (commodity) fund in Singapore. Global Forestry Capital is seeking a strategic partner for its new hedge fund, Global Forestry Growth Fund. Former Jetstream pro Gary Dean will launch the Carilliam Global Fund, Carilliam Offshore and Carilliam Global Fund II, a 3c7 vehicle. Sir John Beckwith's venture RiverCrest Capital signed the first two teams to launch two hedge funds. Sparx credit team spinned off to launch a new hedge fund called Double Haven.

London-based Ration Asset Management however decided to close the Ratio European Fund (-4% YTD) and return all assets to investors.

Hedge funds assets reported a rise as Hong Kong-based Prime Capital Management's Greater China long short equity hedge fund’s asset grew to $1.7bn. South-Africa-based Peregrine Capital Introduction is starting to raise assets for non-Peregrine hedge fund managers. HFR reported that the total capital invested in Emerging Market-focused hedge funds had increased by $1.4bn during the second quarter, to a record high of $123bn. HFN said that event-driven and special situations funds’ assets had risen by 4.1% or $21.2bn, bringing the group’s total AuM to $537.1bn halfway into 2011.

GAM Holding AG reported a net profit of CHF100.4m for H1-2011. Hemitage Capital is up 5% while its manager Bill Browder is fighting corrupt Russians. Activist investor Carl Icahn’s $2bn wager on a decline in the benchmark Standard & Poor’s 500 Index made a $100m profit. It was said that managed futures hedge funds that are using sophisticated computer programs had profited ......................

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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  4. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  5. Opalesque Roundtable: European family offices struggle to retain their investments in offshore hedge funds[more]

    Komfie Manalo, Opalesque Asia: The European Union’s Alternative Investment Fund Managers Directive (AIFMD) will constrain investment opportunities amidst concern a number of U.S. fund managers will stop marketing their products in the European Union under the new rule, said Valentin Bohländer fro