Wed, Jun 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Arbalet, CBRE, Kingsmead, RiverCrest, Credit Suisse to launch while Octopus, Clairvoyance, Pangu, Iridian, Arrowhawk are closing - hedge fund news, week 1

Saturday, January 07, 2012

2012 was greeted with new launches as Arrowhawk Capital Partners’ Jennifer Fan announced she would start the Arbalet Capital LLC on April 1 with at least $500m; CBRE Clarion Securities announced the launch of the CBRE Clarion Long/Short Fund; former FrontPoint portfolio manager John Foo is to launch an Asia-focused hedge fund (Kingsmead Asian Alpha Opportunities Fund) that will start trading with about $50m on March 1 in Singapore; boutique fund manager RiverCrest Capital launched the European Equity Alpha Fund; and former head of securitized products at Credit Suisse Group Albert Sohn is reported to be planning to launch a hedge fund this year within the bank’s asset management unit.

But there were also reports of fund closures as Octopus Investments said it shut down its £1.6m Absolute European fund due to a lack of demand from investors; some Asia-focused hedge funds, including Clairvoyance and Pangu have joined the list of hedge funds closing this year; Iridian Opportunity Fund is set to liquidate after poor performance and shrinking assets; and Arrowhawk Capital Partners will unwind its portfolios, including the $100m investments from the Kentucky Retirement Systems.

MSCI released its 2011 performance of MSCI Indices which showed a significant slowdown in global equity markets; The Credit Suisse Liquid Alternative Beta Index was up +0.92% in December (-0.06% in 2011); The UCITS Alternative Index Global was up +0.35% (-3.45% in 2011); And the Bloomberg Aggregate Hedge Fund Index dropped -0.9% (-4.9% in 2011).

Fund managers have also started to release their year-end performance; apparently HSBC’s hedge fund report #53 provides a list of hedge fund winners and losers in 2011; Steven Carhart, portfolio manager at Trust & Fiduciary Management Securities, said that hedge funds surrogate have been returning between 7% and 9% profits; Janchor Partners Pan Asian Fund, the fund run by the former Asia head of the Chi......................

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. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  2. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  3. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  4. Visium hedge fund manager Sanjay Valvani found dead[more]

    Benedicte Gravrand, Opalesque London: A hedge fund manager connected with an insider trading case has apparently committed suicide. Sanjay Valvani, 44, a hedge fund manager at New York-based Visium Asset Management, was found dead in an apparent suicide on 21 June in his Brooklyn residence,

  5. People - Mariner Investment’s co-CIO Williams to leave $5.5bn firm, IOOF hires new alternatives portfolio manager[more]

    Mariner Investment’s co-CIO Williams to leave $5.5bn firm From Bloomberg.com: Basil Williams, co-chief investment officer of Mariner Investment Group, is leaving the $5.5 billion hedge-fund firm after negotiations to renew his contract failed. Williams will stay in his role until t