Wed, Jul 30, 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. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  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 Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass