Mon, Aug 3, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Schroders to acquire Cazenove, Ascalon buys stake in Singapore hedge fund: hedge fund news, Week 13

Friday, March 29, 2013

In the week ending 28 March 2013, it was reported that three veteran investment professionals had formed Witherspoon Asset Management LLC in Princeton and the firm’s first offering would be the Witherspoon Managed Futures Strategy Fund; Ignis Asset Management plans to launch of a hedge fund version of its Absolute Return Government Bond fund (ARGBF); Millennium’s fund manager Eduardo Abush reportedly left the firm to launch his own hedge fund; Solus Alternative A.M. raised $1.1bh for two new funds that invest in bankruptcy claims; an ex-Tandem team plans to Carrick Asset Management LLC, a long-short credit hedge fund, next quarter; Tsukasa Shimoda, a former fund manager at Morgan Stanley, will start a Japan-focused hedge fund; and ex-Paloma trader Mike Belbeck is to launch his own vol-arb hedge fund next month, Holworthy Capital Fund (separately, Paloma Partners was said to be funding separately managed accounts for projects from former Diamondback and Realm traders).

HSBC reportedly closed Hermitage Capital's flagship Russia fund just as its co-founder, William Browder, was being sued for libel in London and tried in absentia for tax evasion in Moscow. 

Gottex, the Swiss FoF group, confirmed continued positive product performance during the first two months of 2013 with the majority of its core market neutral, multi-asset, alternative credit, US equity and Asian products up between 2% and 8%; CF Partners’ new Long/Short Global Equity fund focusing on utilities, infrastructure and oil, delivered 6.44% in its first three months; and Daniel Loeb’s Third Point Ultra fund has already gained 12.42% YTD, said Reuters.

The Morningstar MSCI Composite Hedge Fund index was up 0.5% (est.) in February (2.5% YTD), and according to Morningstar’s database, funds saw inflows of $3.3bn in January.

Stephen Jamison closed his Koppenberg Macro Commodity Fund to new investors after nearly doubling its assets to $1.5bn in 2012.......................

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. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  2. Activist News - Celgene says patent-fighting hedge fund manager wants to short its shares[more]

    From Reuters.com: Celgene Corp, one of the world's largest biotechnology companies, has accused U.S. hedge fund manager Kyle Bass of attempting to profit from his attempts to wipe out several major drug patents through his Coalition for Affordable Drugs. The company asked the U.S. Patent and T

  3. Einhorn's Greenlight Capital hedge fund slumps 6.1 percent in July[more]

    From Reuters/Thefiscaltimes.com: Hedge fund mogul David Einhorn's Greenlight Capital slumped 6.1 percent in July and is now down 9 percent for the year after gold, one of the fund's top holdings, tumbled to five-year lows last week. Greenlight notified clients of its returns late on Friday, ac

  4. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

  5. Cargill’s Black River Asset to shut down four hedge funds[more]

    Komfie Manalo, Opalesque Asia: Cargill Inc.’s $7.4 billion Black River Asset Management said it was closing four hedge funds with a combined $ 1 billion in assets and start returning investors money over the next several months, various media said. The hedge funds represent 15% of Black River’

 

banner