Sat, Apr 19, 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 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

Banner
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: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably