In the week-ending 23 March, 2012, it was reported that Polar Capital had launched the Polar Capital European Market Neutral fund for manager Ton Tjia; MET Capital Management launched a systematic Asian equity hedge fund, Met Pacific Fund; former JPMorgan Chase executive director and portfolio manager for proprietary trading Douglas Ormond and former head of research at Normandy Hill Capital Michael Schwartz, plan to launch Otlet Capital Management in Q2; Pictet Asset Management will launch the UCITS-compliant Pictet Global Flexible Allocation fund and target euro-denominated investors; GSB Podium Advisors launched the GSB Equity Market Neutral Fund, a global equity statistical arbitrage UCITS fund on the Alpha UCITS platform; BlackRock Strategic Funds launched the Luxembourg-domiciled Americas Diversified Equity Absolute Return fund.
Philippe Gougenheim had to postpone the launch of his highly liquid global macro hedge fund, Glasnost Fund, after a ski accident; Steve Eisman started his own hedge fund on March 1 after raising $22.9m from friends and family; Athos Capital Ltd, backed by Ascalon Capital Managers, a unit of Australia's Westpac Banking Corp., will launch an event-driven hedge fund investing in Asia-Pacific on April 9; GAM launched an emerging markets equity fund; and property focused KeyPoint Capital Management will launch an offshore fund in June.
TIG Advisors said it would liquidate its 15-year-old $210m global emerging markets hedge fund after two years of losses.
The Eurekahedge Hedge Fund Index was up +4.31% for the f......................
To view our full article Click here