Fri, Jan 30, 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 38

Saturday, September 24, 2011

Former members of FrontPoint Partners launched their own hedge fund called Seawolf Capital; Stuart Powers is assembling a team for the January 1st launch of his hedge fund firm Hengistbury Investment Partners (global long/short equity fund); Cowen Group launched the Ramius Trading Strategies Managed Futures Fund; Cambridge Strategy was chosen as the launch manager for the CitiFX Access platform (a multi-manager platform); R. G. Niederhoffer Capital Management started the Roy G. Niederhoffer Inflation Protection Program; former Highbridge manager Jason Esralew said he was starting an event-driven hedge fund at Ionic Capital Management; Blackstone Group is considering to back Ali Akay’s Carrhae Capital hedge fund that will start trading in December; and South African group IDS is currently setting up new hedge funds on its new Malta platform.

Brevan Howard is to return $2bn to the Master Fund’s investors to avoid growing so large that its performance suffers; Arrowgrass Capital Partners is considering shutting down its equity fund following heavy redemptions; and the GlobeOp Forward Redemption Indicator, up 3% for September (compared to 19% in Nov-2008), showed that investors continue to trust the industry.

According to Eurekahedge, Asia-focused hedge funds netted around $500m in assets - a 32-month high. Craig Drill Capital reported a $12m growth in assets to $173.2m; the Morgan Stanley AIP Seventh Street Fund attracted 64 investments and reached $86.8m; and Raging Capital Management reached $100.08m after attracting 20 investment interests.

The Barclay Hedge Fund Index was down 3.42% in August (-2.50% YTD); The Eurekahedge hedge fund index was down -2.13% (-1.61% YTD); The Barclay CTA inde......................

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: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalaurMor Management in New Yor

  2. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  3. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  4. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report

  5. Institutions - Ontario pension fund leader calls all asset classes ‘expensive’, Taiwan's BLF plans $2bn in alternative mandates[more]

    Ontario pension fund leader calls all asset classes ‘expensive’ From WSJ.com: The head of one of the world’s largest pension funds said that across asset classes, “everything is expensive.” Ron Mock, who leads Canada’s $141 billion Ontario Teachers’ Pension Plan, said that the plan would