Philippe Gougenheim, Managing Director at Unigestion in Switzerland left the company to launch his own global macro hedge fund in the next few months; in an interview with Opalesque,
According to Hedge Fund Research, the number of hedge fund launches declined while the number of liquidations rose in the volatile Q3 11; Barclays Wealth raised $10.1m to launch a new global bond hedge fund; Jeffrey Tannenbaum's Fir Tree Partners launched the $96m Fir Tree Special Opportu
Alex Denner left Carl Ican to launch his own hedge fund; Japanese asset manager Sparx Group is planning to launch a hedge fund that will invest in infrastructure for renewable energy; Barclays Capital has announced plans to launch an onshore version of its Radar fund (UCITS) in February 2012;
A report by the Financial Times showed that investors’ appetite for new hedge fund launches has been revived in their search for “next generation managers”; Japanese firm FGI Capital Partners has launched a $500m event-driven hedge fund; Martin Coward said he would launch a systematic trading
Principal Funds launched the Principal Global Multi-Strategy Fund that aims long-term capital appreciation; ex-SAC trader Ali Akay said his new fund Carrhae Capital would begin trading on December 1 and invest in emerging market equities; the fund of hedge fudns unit of Axa Investment Manager
PIMCO launched the PIMCO GIS Credit Absolute Return Fund; GLG Partners launched a UK-domiciled Strategic Bond fund for star manager Christophe Akel; Altegris announced
Peak Partners launched a single manager forex fund; ex-Gandhara Capital executive Aileen Chang is starting a new Asia hedge fund named Kriya Uprofish Macro Fund; Trafalgar Capital Advisors partnered with Marylebone Fund Management Group to launch the PreIpo2Ipo fund (bridge financing); GAM A.
Martin Coward, the former co-founder of Ikos, is preparing to launch his own systematic hedge fund; Highland Funds Asset Management launched the Trend Strategies Fund (long/short); Select Equity Group is launching the Equity Long/Short Ucits Sub-Fund; Point Capital Partners is a preparing a 1
Three former Brevan Howard senior traders are to launch a $100m natural resources hedge fund; Future Capital Partners launched the Elara II fund (green energy); Eaton Vance launched an Australian-domiciled bank loan fund; alumni from Blue Ridge and Eaton Park will launch Falcon Edge Capital (
On the fund launches front, Crispin Odey launched the Odey Odyssey global macro hedge fund for Tim Bond; Steve Eisman teamed up with Ed Cabral and Mark Weiner to launch Emrys Parners (long/short) in January; Sanjay Puri and Philip Chen are preparing for the launch of their first hedge fund, S
Man Group launched a new fund of long/short equity hedge funds called Man Long Short Fund. Several fund closures were reported: Longacre Fund Management is to wind down after investors pulled out their cash; Global Trading Strategies is shutting down its hedge fund and is returning
Former Morgan Stanley MUFG strategist Alexander Kinmont is to launch a long/short hedge fund at Milestone Asset Management; Structured Portfolio Management started a new fund with $125m; BlueBay Asset Management will launch a range of funds to lend to European companies;
Sparx Group, Asia’s second- largest hedge fund, is launching a fund that will invest in building hotels in Japan’s earthquake-devastated areas; Universa Investments is seeking $1bn for a new macro fund that will capitalize on mispriced options; GAM launched an Asia-focused Ucits fund; and Lyx
Former members of FrontPoint Partners launched their own hedge fund called Seawolf Capital; Stuart Powers is assembling a team for the January 1st launch of his hedge fund firm Hengistbury Investment Partners (global long/short equity fund); Cowen Group launched the Ramius Trading Strategies
Hedge fund launches outpaced liquidations in the second quarter of 2001 with 280 launches versus 191 liquidations, according to data provider Hedge Fund Research. Russian banker Alexander Pylev set up a hedge fund firm called Advantage Asset Management; RWC Partners are planning a new macro h
This week, Swiss Investment Managers launched its Directors Dealings Fund. New boutique advisory firm Blackpeak Group launched in Asia to focus on private equity and hedge funds. Franklin Templeton launched Franklin Templeton Global Allocation Fund (multi-strategy) for U.S. investors. Kames C
There were two launches reported last week: Touchstone Investments launched the Touchstone Merger Arbitrage Fund (merger arbitrage), and KeySquare Group announced it has launched its maiden fund, KeySquare Global Fund (global macro). There was one fund closure as Tennenbaum Capita
The launches reported last week were led by Sutesh Sharma, who announced plans to quit Citigroup’s proprietary trading unit to open his own hedge fund. Diego Parrilla, former head of Asian commodities at Bank of America Merrill Lynch launched the NARECO Commodity Low Vol Alpha (commodity) fun
Asian hedge funds led the launch news last week as we learned multiple commodities trading advisors (CTA) and systematic trading hedge funds are in the pipeline in Asia. Schroder Investment Management is considering launching a global version of its Asian high-yield multi-asset fund. QS Inves
As August settles in the number of launches has dwindled, although we did hear that Fund Evaluation Group raised $300m for a new fund, and Lyxor Asset Management confirmed a
There were several fund launches last week including Nylon Capital (global macro fund), Clopton Capital (real estate), and Franklin Templeton Investments (global multi-asset). We also learned that Simon Hopkins is launching Singapore-based Milltrust International Group (emerging markets/Asia
There were a few launches last week including credit managers Christofferson Robb & Company and Chenavari Investment Managers, which launched a combined $100m new hedge funds. We learned that Former Goldman Sachs trader Guy Shahar formed hedge fund DSAM Partners (European long/short equity fu
Last week saw only a few launches including one from Daniel Goldberg who announced plans to step down as head of Morgan Stanley's Brazilian unit to start a hedge fund specializing in high-risk credit products, and a launch from former Deephaven Capital manager Edouard Salet. Highland
Last week saw several launches led by GLG which launched a UCITS version of its European long-short equity hedge fund, the GLG European Equity Alternative (long-short equity). We also learned of launches from Nomura proprietary trader Benjamin Fuchs ($400m hedge fund), French asset manager Ti
There were several launches last week led by China Development Bank which announced impressive plans to launch a $10bn hedge fund targeting Asian SMEs. Other launches included announcements from: Ex-Rubicon manager Tim Attias who partnered with Catherine Cripps for Sata Partners (global macro
There were several launches reported last week led by the announcements that Northlight Financial LLC has introduced a $100m middle market loan hedge fund (distressed market), and that US bond giant Pimco launched the GIS Diversified Income Duration Hedged fund (floating and variable rate bon
The world’s biggest hedge fund firm, Bridgewater Associates, announced one of the most impressive new fund launches this year with its latest $10bn hedge fund. Also announced this week were launches from Sparx Group (Japan reconstruction), a former Banque d’Orsay prop desk team (merger arb),
According to hedge fund data tracker Hedge Fund Research, there was an average of 4.5 hedge fund launches every business day during the first quarter of 2011. More recent launches include Deutsche Bank’s 5 international, currency-hedged, exchange traded funds. This week we also heard of fun
Last week saw launches from Bernheim, Dreyfus & Co., which is launching its new $100m Diva Synergy Fund (UCITS III). Also launching UCITS funds are Deutsche Bank, which is joining forces with Millburn Ridgefield Corporation (DB Platinum IV dbX Millburn Multi-Markets Index Fund), and Morgan S
With a shortened week in the UK and the US there were only a few launch announcements this week. We learned that Matthew Cartwright has left ADM Capital and is planning the launch of a fund (Asian distressed debt). Former investment head for Fortress in Hong Kong, Stanley Ku is setting up C
Second and third generation managers continue to announce fund launches with news of former Highbridge Capital Management manager Carl Huttenlocher near launch on a hedge fund in Hong Kong, former Tiger Asia MD Hugh Kim launching Greyson Capital Management (domestic demand industries in Japan
We learned of launches from Gramercy (master fund with exposure to firm-wide strategies), Para Advisors (multi-strategy UCITS), former Tiger Asia pro Hugh Kim (Greyson Asia Fund a long/short equity strategy), Implied capital (offshore market neutral), and Jeff Middleswart announced he
Last week we learned that pension fund manager APG will launch a second hedge fund seeder vehicle, that AllianceBernstein has launched the European Flexible Equity Fund (l/s, UCITS), and that Natixis Global launched the Natixis Euro High Income Fund. Barak Fund Management has announced the l
Man Group announced one of the biggest hedge fund launches this year with the unveiling of the $1.5bn Nomura Global Trend fund (Japan-focused and event-driven). David Tepper is reported to be planning to seed a new fund that's being launched by Matthew Knauer, one of his senior anal
The week after the long Easter break saw only a few launches including those by Emerald Orient Investment Advisors, which is set to launch a Greater China dedicated hedge fund (technology and consumer focus). Natixis Alternative Investments announced an event driven UCITS fund, Citadel
Benedicte Gravrand, Opalesque Geneva: Secquaero Advisors is bringing the esoteric alternative world of insurance-linked securities to the mainstream with the planned May launch
A roundup of the week’s hedge fund launches, closures, index performance, trends, regulatory, legal, and financial events pertaining to the alternative investments industry. Last week, we heard of fund launches from Sydney, Australia-based Regal Fund Management which launched the
A roundup of the week’s hedge fund launches, closures, index performance, trends, regulatory, legal, and financial events pertaining to the alternative investments industry. Last week, we heard of fund launches from UK ex-prime minister Tony Blair who has teamed up with a private equity
A roundup of the week’s hedge fund launches, closures, index performance, trends, regulatory, legal, and financial events pertaining to the alternative investments industry. Last week, we heard of fund launches from Thames River (absolute return), we learned GAM will launch a UCITS III v
A roundup of the week’s hedge fund launches, closures, index performance, trends, regulatory, legal, and financial events pertaining to the alternative investments industry. Last week, we heard of fund launches from Odey Asset Management (global macro UCITS III), Astra Investimentos (agr
Benedicte Gravrand, Opalesque Geneva: This week, we heard of launches from Plenum Investments (energy hedge fund); Highbridge Capital (Ucits III commodities fund);
A roundup of the week’s hedge fund launches, closures, index performance, trends, regulatory, legal, and financial events pertaining to the alternative investments industry. Last week, we heard of fund launches from Stuart Powers, former partner at Chris Hohn’s The Children’s Investment
A roundup of the week’s hedge fund launches, closures, index performance, trends, regulatory, legal, and financial events pertaining to the alternative investments industry. Last week we learned fund launches continued at a steady pace through the end of 2010, outpacing liquidations for
A roundup of the week’s hedge fund launches, closures, index performance, trends, regulatory, legal, and financial events pertaining to the alternative investments industry. Last week, we heard of fund launches from former Third Point and Brahman Capital employees Howard Shainker and Aki
A roundup of the week’s hedge fund launches, closures, index performance, trends, regulatory, legal, and financial events pertaining to the alternative investments industry. Last week, we heard of fund launches from Bill Winters, a former top JPMorgan Chase & Co official plans to launch
Last week, we heard of fund launches from Highbridge Capital (credit), GAM (long/only, technology focused), Frontier Investment Management (multi-asset), Rob Hain (activist fund focused on European financials), and Abu Dhabi’s Royal Capital’s plans for fixed income hedge funds to tap th
Last week, we heard of fund launches from Future Capital Partners which brings the Elara Renewable Fund (EIS) and Clean Future (VCT) to market, focusing on high growth potential of the renewable energy investment sector; long/short equity funds were rolled out by Resultant Capital (a fo
Last week, we heard of fund launches from Armajaro Asset Management, which will launch the Armajaro Natural Resources Fund in February with $70m in assets. We also learned Boaz Weinstein
Last week, we heard of fund launches from Antarctica Asset Management (global macro), CedarBridge Capital (from ex Wachovia European Investment Bank head Atul Bajpai), Denjoy Capital Partners (l/s equity fund launched by former Brevan Howard PM Frederic Denjoy) and a multi-strategy FoHF
Last week, Opalesque readers learned about fund launches from Ping Jiang’s Ping Capital which will add an emerging markets macro fund to its roster, New York-based, $600m Helios Advisors (long/short energy), merger arb and long/short equity firm Alpine Associates Advisors has started a
Komfie Manalo, Opalesque Asia: Last week, we heard of fund launches from well known industry names such as former Icahn Management Head Rupal Doshi, who will launch Corvex (long/short activist), and former Galleon Group Co-Founder Gary Rosenbach who will give it another go with a new he
Bailey McCann, Opalesque New York: New research from Nigol Koulajian founder and CIO, and Paul Czkwianianc, Head of Research at Quest Partners, a New York-based systematic fund, looks at how quantitative trend following could be used
By Beverly Chandler, Opalesque London: May saw China and Australia agree a deal to directly trade the Australian dollar and the renminbi. Andy Seaman, Partner and Portfolio Manager, Stratton Street, explains that this
From Komfie Manalo, Opalesque Asia: Starting a hedge fund with $20m or less in capital in Singapore is no longer profitable said Christian Stauffer, founder and CEO of Eurofin Asia Group (EFA). Stauffer was one of the guests in the latest
Opalesque Industry Update - Hedge funds posted a 7th consecutive monthly gain through mid-May, with the HFRX Global Hedge Fund Index gaining +1.16% ; the HFRX Market Directional als
Opalesque Industry Update - UCITS compliant Hedge Funds posted the strongest gain since HFRU launch, with the HFRU Hedge Fund Composite Index rising +1.43% through mid-May. • HFRU E
Opalesque Industry Update - Eight of Newedge’s 11 hedge fund indices showed positive performance during the month of Ap
Opalesque Industry Update: Managed futures gained 1.11% in April according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 2.11% year to date. “Rising prices for equities
Opalesque Industry Update: RBC Capital Markets today reported that for the month of April 2013 the RBC Hedge 250 Index® had a net return of 0.80 percent. This brings the year-to-date return of the
From Komfie Manalo, Opalesque Asia: Many large hedge fund investors have been investing directly to multi-strategy hedge fund managers, said David Walter who is responsible for Asian investments at the PAAMCO, a $9bn institution
Bailey McCann, Opalesque New York: For $700m multi-manager hedge fund Gapstow Capital Partners, credit investing has a lot to offer. Chris Acito, CEO/CIO of Gapstow recently sat down with Opalesque TV to d
By Beverly Chandler, Opalesque London: Cormac Weldon, head of US Equities at Threadneedle Investments, was recently interviewed on Opalesque Radio by Sona Blessing. Weldon manages the Threadneedle American, American Sel
Opalesque Industry Update: Hedge funds gained 0.75% in April, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 4.96% year to date. “Equity markets rose ag
Opalesque Industry Update – Hedge funds were up +0.79% in April 2013 posting their fourth straight month of growth in April. Distressed Securities managers led all strategies, adding +2.98% during the
Bailey McCann, Opalesque New York: After 2008, many investors found their traditionally constructed 60/40 portfolios to be a little weaker than previously thought. Since then, investors find themselves with a variety of new investment products designed to provide greater diversification, althoug
Bailey McCann, Opalesque New York: The credit space is heating up with interest from funds and investors as they search for yield. Recent reports show that asset inflows to credit are holding steady and leverage is starting to creep back up. Credit strategies are also catching the eye of fund of
Opalesque Industry Update - Ineichen Research & Management AG (“IR&M”) has announced the launch of a new service, the IR&M momentum monitor, a wee
Opalesque Industry Update – The gross return of the SS&C GlobeOp Hedge Fund Performance Index for April 2013 measured 1.44%. (
From TheStreet.com: Goldman Sachs said Thursday it is bringing the sophisticated trading strategies of Wall Street hedge funds to individual investors with investment portfolio's and retirement accounts as small as $1000. The bank's investment management unit, Goldman Sachs Asset Management, i
Jupiter switches lead manager on alternative UCITS fund From Citywire.co.uk: Jupiter has named Mike Buhl-Nielsen as lead manager on its Europe-focused long/short equity fund, the asset management company has announced… Full article:
Blackstone preparing launch of ‘super’ hedge fund From FT.com: Blackstone is preparing to launch a “super” hedge fund to cherry-pick the best trades from the hundreds of third-party hedge funds it invests with, in an effort to try to recapture the outsize returns the $2tn industry was on
Featuring : Roxanne Davies, Parly Singapore: The Family Office Cooperative.Roxanne Davies is the Managing Director of the family office Parly Singapore. In this Opalesque.TV interview, she explains the rationale for Parly to set up a family office in Singapore and the benefits of being based in Asia.» Watch the video
Dr.Christian Gast
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Intermediate Term Trend (3 Months): Negative Friday’s Close: 132’025 (- 21) Yield: 1.80%UPDATE: Three weeks ago, we clearly stated, “The 132’24 region is pivotal in providing the difference between a continued bullish run, and defining a top - should the June contract close below that point”.We also pointed to the fact, “Equities trade higher, T- Notes will trade lower”.As of five days ago, our downside pivot was violated- this may have has ensured a multi- year high is now in place.