New Managers July 2012

Launches: A recapitulation of maiden launches and related developments in late June and July 2012 so far.

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A survey published by AsiaHedge reveals that, despite tough market conditions, new Asian hedge funds raised $2bn in the first half of 2012, an increase of 50% over the capital they raised in the previous six months, reports Reuters. The number of start-ups also increased, rising to 32, from 30 in the second half of last year, according to the survey, with funds such as Asia Research & Capital Management by Alp Ercil, former Asia head of Perry Capital, and Kingsmead by former FrontPoint portfolio manager John Foo joining the fray.

We recently heard of the following ex-hedge funders striking out on their own:

Kieran Goodwin, the former head trader at King Street Capital Management LP, plans to start a credit hedge fund in the fourth quarter. Panning Capital Management LP, Goodwin's New York-based firm, will begin trading in mid-October with bets on and against securities from loans to distressed assets.

Joint-venture Ping An Russell Investments, which was established last year, will launch China's first multi-manager fund for domestic high-net-worth individuals early in the third quarter of this year.

Maso Capital hired former Mount Kellett Capital executive Allan Finnerty for a top role at the hedge fund being set up by former managing directors of Och-Ziff Capital Management, Manoj Jain and Sohit Khurana. Jain and Khurana are aiming to raise about $250m for their multi-asset class Asia-focused hedge fund.

Vladimir Jelisavcic, ......................

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.