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Alternative Market Briefing Weekly

Review of hedge fund launches, closures, trends, regulatory and legal events - week 44

Saturday, November 05, 2011

Martin Coward, the former co-founder of Ikos, is preparing to launch his own systematic hedge fund; Highland Funds Asset Management launched the Trend Strategies Fund (long/short); Select Equity Group is launching the Equity Long/Short Ucits Sub-Fund; Point Capital Partners is a preparing a 1st Jan. launch of a maiden hedge fund called Point Capital Aligned Wealth Fund Advisors; well-known forex specialist Stephen Jen is starting his own hedge fund called SLJ Macro Partners, in London, that will begin trading with $220m; ex-Aegon Capital growth manager Glenn Paradis is launching the Clairwood Capital Management Opportunities Fund (multi-strategy) in early 2012; Turner Investments are rolling out two funds into Europe, one long/short and one multimanager strategy in Ucits form; ex-Credit Suisse oil trader Kieran McKenna started his own energy hedge fund called The Mastic Commodity Fund; and Altegris Advisors launched the Futures Evolution Strategy Fund (managed futures combined with active fixed income). Tom Wilcox, former CIO of the defunct 'Tiger cub' Shumway Capital Partners, is gearing up to start a family office called Cider Mill Investments in Connecticut, reported HFMWeek.

Oscar Schafer is to close down his hedge fund O.S.S. Capital Management in the next six months as he has been struggling to recoup losses from 2008, said WSJ, which also reported that Standard Life Investments plans to shut down the FoFs boutique Aida Capital it acquired last year, after struggling to grow assets.

The Emanagers Total Index, currently consisting of 198 hedge funds and 94 managed futures funds, lost 1.91% in September (+0.37% YTD); The Opalesque A SQUARE Index lost 2.49% in September (-5.31% YTD); The Credit Suisse Liquid Altern......................

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