Tue, Apr 28, 2015
A A A
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

  4. Update: Wall Street has strong feelings about Jon Corzine trying to make a comeback[more]

    From Businessinsider.com.au: Former New Jersey Governor Jon Corzine is thinking about starting his own hedge fund, according to the Wall Street Journal, and because of the way his last firm imploded, Wall Street has strong feelings about that. “Truth is the larger seeders would never give him money

  5. Opalesque Exclusive: Cybersecurity and hedge funds - A manager’s experience, Part Four[more]

    Benedicte Gravrand, Opalesque Geneva: Ruane, Cunniff and Goldfarb, Inc. used to have their own IT infrastructure. Todd Ruoff, Executive Vice President in charge of trading, operations and technology, was responsible for its maintenance. Then he started looking at outsourced providers a couple of

 

banner