Fri, Aug 22, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Total assets of the global fund industry worth around $120tln, says TheCityUK: hedge fund news, week 46

Saturday, November 17, 2012

In the week-ending November 16th, 2012, Barnstar Opportunities Fund LP, a multi-disciplinary, special situations long-bias fund launched; emerging and frontier market investment specialist Fund Management Group (FMG) said it is launching a new hedge fund in January; emerging markets-focused Argo Group launched a new hedge fund - the Argo Local Markets Fund; GLG Ore Hill, a value-based, event-driven investment team focused on the North American credit markets, announced the creation and closing of the GLG Ore Hill KH Levered Credit Fund; BlackRock Inc., the world's largest asset manager, plans to start a long-short global credit hedge fund that would use the best ideas of the firm's leveraged finance team.

The hedge fund industry is expected to see a wave of new launches in the next year by traders who have lost their jobs at investment banks or who have left in search of better pay, CNBC said.

Woori Absolute Partners is raising a $200m seeding fund with NewAlpha to invest in Asian hedge funds looking for backers, according to Reuters; Brummer & Partners, Sweden’s largest hedge fund manager, plans to take a stake in a new London-based firm set up by the two former co-CIOs of Rubicon Fund Management, Tim Attias and Santiago Alarco, who are planning to launch a global macro fund, in which Brummer’s multi-strategy will invest, reported Financial News.

Mount Kellett Capital, the $7bn asset manager co-founded by two former Goldman Sachs bankers, is shutting down its Asian equities hedge fund to focus on credit investments. Weintraub Capital Management LP, the $1bn San Francisco-based long-short equity hedge fund, will return money to investors and become a family office overseeing the wealth of founder Jerry Weint......................

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. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Private equity follows hedge funds into reinsurance for long-term capital[more]

    From Artemis.bm: It’s not just hedge funds that are entering the insurance and reinsurance market in search of so-called long-term capital to put to work in their strategies, private equity firms targeting the space are also seeking opportunities to add assets under management. The entry of large pr

  3. North America – New York City’s next hot neighborhoods targeted with property funds[more]

    From Bloomberg.com: New York’s real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions. Seth Weissman is seeking investors to get in early on the next hot neighborhoods. The veteran of Goldman Sachs Group Inc. and hedge

  4. Investing – George Soros bets $2bn on stock market collapse, Warren Buffett's Berkshire reveals Charter stake, cuts DirecTV, Hedge funds lusting to cash out of MGM, Top hedge fund managers are buying Ally Financial, Hedge funds dumped 5m Herbalife shares in Q2, Paulson & Co hedge fund ups Puerto Rico real estate bet, Netflix Inc., Citigroup Inc, Google Inc are top new picks in Tiger Management’s 13F[more]

    George Soros bets $2bn on stock market collapse From Newsmax.com: Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion. The legendary hedge fund manager has been raising his negative bet on the Standard & Poor's 500 Inde

  5. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added