Sat, Oct 22, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Blackstone Group plans to launch a fund that will buy stakes in hedge fund managers: hedge fund news, week 43

Saturday, October 27, 2012

In the week-ending 26 October 2012, it was reported that Blackstone Group plans to launch a multibillion-dollar fund that would buy stakes in hedge fund managers in the secondary market; John Mack partnered with tax lawyer Joel Ehrenkranz to launch a fund of funds business called E&M Advisors; former Citadel senior portfolio manager Kevin Scherer announced plans to launch a residential and commercial mortgage debt and ABS hedge fund called Continuum Investment Management; MLC hired three new hedge fund managers for its new fund of hedge funds strategy; Highfields Capital’s portfolio manager Matthew Sidman is leaving the firm to start his own hedge fund; and Tokyo-based hedge fund Asuka Asset Management launched a new insurance-linked securities fund with $40m of capital.

Osmosis Investment Management has launched the first UCITS fund to directly address resource efficiency; and Sturgeon Capital launched the first Central Asia-focused UCITS hedge fund.

The Emanagers Total Index was up 0.1% in September (+4.33% YTD); The Parker FX Index gained 0.28% (-0.99% YTD); And the BofAML investable hedge fund index went up 0.19% month to date.

In performance, Brevan Howard‘s flagship hedge fund, the Master Fund, gained 1.81% in October compared to 0.58% for September; some hedge fund managers are making a killing this year apparently, including David Tepper (+25%), Steve Mandel (+30%), and Josh Birnbaum (+39%); Greenlight Capital Funds posted +9.4% in Q3 (+13.2% YTD) and David Einhorn blasted the U.S. Federal Reserve’s QE3; Agilith Capital’s North American Diversified Fund ......................

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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Other Voices: Follow the advice of investment consultants - I think not[more]

    Mark Rzepczynski, Founding Partner, Chief Investment Officer AMPHI Research and Trading, writes on Harvest Exchange: Investment consultants are a force to the reckoned with in the pension world. They advise and drive many pension decisions around the globe. Consultants literally control trillion