Tue, Feb 9, 2016
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 48

Saturday, December 03, 2011

A report by the Financial Times showed that investors’ appetite for new hedge fund launches has been revived in their search for “next generation managers”; Japanese firm FGI Capital Partners has launched a $500m event-driven hedge fund; Martin Coward said he would launch a systematic trading fund in the first quarter of 2012 with $50m in seed money; former bankers at Goldman Sachs Group and Mizuho Corporate Bank said they would launch the Edgebell Global Macro hedge fund in February next year; ex-Goldman Sachs Group proprietary traders Bennett Grau and Mark Mallon have teaming up with former colleague Marc Mezvinsky to start a hedge fund; and Deutsche Bank and Omega Advisors will launch the UCITS compliant DB Platinum Omega fund on the bank's UCITS platform this month.

Goldman Sachs Group is said to be now focusing on seeding hedge funds after it got burned by investments in its own hedge funds at the height of the financial crisis.

Capital One Financial revealed plans to restructure or sell its hedge fund and private equity investments that are prohibited under the new Volcker rule in the U.S.

Castlestone Management’s administrator Antony Batty & Co said it is preparing to sell the assets of the beleaguered firm; and wealthy investors and institutions apparently withdrew $11bn from hedge funds in October. Pierre-Henri Flamand’s Edoma Partners fund’s performance suffered a -3.79% loss during Q3; according to SEI and Strategic Insights, regulated alternative funds like UCITS funds would continue to outperform and could reach $1tln by 2014; Insch Capital’s gold and currency hedge fund Goldilocks, returned +9.6% YTD and said it is re-opening to investors ......................

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. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  2. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  3. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  4. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  5. HFRU Hedge Fund Composite Index down -2.58% in January[more]

    Global financial markets posted sharp losses in January led by declines in Oil and global equities, though steep intra-month losses in both were narrowed by strong gains in final trading days of the month. Global equities posted steep declines for the month led by Biotechnology, Energy, Financial, E