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Alternative Market Briefing Weekly

Goldman Sachs’ 'hedge fund for the masses’ raised $58m in first month: hedge fund news, week 23

Saturday, June 08, 2013

In the week ending June 7, 2013, SunTx Capital partnered with Ron Dodson to launch IXTHYS Capital; former Mizuho trader Jeffrey Yap was reported to be launching a multi-strategy credit strategy; Valuewalk said CQS would launch a long/short equity hedge fund; and Spartan Fund has launched a discretionary fund onTREND.

Former JPMorgan trader Deepak Gulati raised about $300m in assets for his new hedge fund Argentiere Capital, said Bloomberg; and Goldman Sachs’ 'hedge fund for the masses’ raised $58m in first month.

Investec announced it was launching a UCITS-compliant version of John Stopford’s multi-asset fund; and Stockholm, Sweden-based RPM Risk & Portfolio Management launched the RPM Evolving CTA Fund targeting new and growing CTAs as Luxembourg‐domiciled fund (SICAV).

The HFRX finds Global Hedge Fund Index gained 0.75% in May (+4.55% YTD); The Parker FX index lost -0.90% in April (+0.94% YTD); The Credit Suisse Liquid Alternative Beta (LAB) Index was flat (+3.30% YTD); The BofAML investable hedge fund index was up 0.94% (+4.55% YTD); The Greenwich Global Hedge Fund Index was up +0.49% (+4.70% YTD); The Index IQ announces IQ Composite Beta was down 1.06% (+0.11% YTD) The UCITS Alternative Index Global gained 0.53% (+2.34% YTD); and the Morningstar hedge fund index was up 1.2% in April (+5.1% YTD).

Reuters reported that Dan Loeb’s Third Point offshore fund returned 14.7% through May on Japan bets; R. G. Niederhoffer ......................

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