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In the week-ending 20 July 2012, it was reported that former Asia head of Lone Pine Capital Eashwar Krishnan had raised $500m to launch his own Asia-focused hedge fund that bets on rising and falling stocks; Brevan Howard A.M. opened a U.S. investment firm that will start trading in August with an estimated $300m; Philippe Gougenheim announced he would launch his Glasnost Macro Fund in September; former Och-Ziff head Massimo Bertoli is reported to be planning a new hedge fund that will be backed by Goldman Zachs; Russian investment specialists Prosperity Capital is planning to launch an alternative UCITS version of its flagship hedge fund; Rotella Molinero which is a joint venture formed by Rotella Capital Management and Molinero Capital Management started a MultiQuant Futures Program; I2BF and RUSNANO Capital launched a strategic resources fund to invest in the Russian nanotech market; and Condor Trading has moved to asset management with the launch of a multi-strategy and multi-investment Pacific View Asset Management. Privium Fund Management and Vistra Fund Services have created a hedge fund seeding structure for emerging managers. Traxis Partners liquidated one of its vehicles and moved the funds to another pool following Barton Biggs’ death on Saturday; and Ralph DellaCamera Jr., said he was winding down his hedge fund to engage in mortgage business. The HFRX Global Hedge Fund Index was up +0.56% in mid-July (+1.79% YTD); The Barclay CTA Index was down -1.81 in June on ECB meeting, (+ 0.03% YTD); The RBC Hedge Index was down -0.35% i (+1.89% YTD); The Barclay Hedge Fund Index went up +0.66% (+2.39% YTD); The Dow Jones Credit Suisse Hedge Fund Index f...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, July 21, 2012
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