Sat, May 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 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. Opalesque Exclusive: New TMT hedge fund adopts the long-term approach[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Adam Parker founded Center Lake Capital LLC in New York in November 2014. Before that, he was portfolio manager at Point State Capital (the successor fund to Dr

  2. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Iceland’s failed banks face a tax that targets the lenders’ estates as the government prepares to unveil its plan for exiting capital controls in t

  3. Investing - Nelson Peltz’s Trian Fund Management reduces position in Legg Mason, Biotech investors up big amid bubble talk, Hedge funds increase exposure in healthcare[more]

    Nelson Peltz’s Trian Fund Management reduces position in Legg Mason From Octafinance.com: Trian Fund Management has filled a SC 13D/A form regarding Legg Mason, Inc. Per Nelson Peltz’s Trian Fund Management’s filing, the filler reported decreased stake in the company by -11.05% to 11,03

  4. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AM’s latest Weekly Briefing, in t

  5. Billionaire hedge fund investor Odey says April 'bloody', has cut risk[more]

    From Reuters/Yahoo.com: Billionaire hedge fund manager Crispin Odey has cut risk and leverage following a stunning 19.3 percent loss in his 3.1 billion euros (2 billion pounds) Odey European Inc fund in April, a letter to investors seen by Reuters showed. Describing the month as "bloody", Odey

 

banner