Thu, May 24, 2018
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. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  2. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  3. Third Point to raise $400 million for SPAC, Farley to run it[more]

    From Reuters.com: Daniel Loeb's hedge fund Third Point LLC plans to raise $400 million for a "blank check" company which will be run by outgoing stock market operator NYSE Group President Thomas Farley, according to a regulatory filing made on Tuesday. The new company, referred to on Wall Stre

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven