Sat, Aug 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers March 2013

Launches and New Funds' News - Recent maiden fund launches and related fund news

HFR: 1,108 funds were launched in 2012

"New hedge fund launches rose at year end 2012, narrowly trailing total launches for 2011 as total hedge fund industry assets increased to a record of $2.25 trillion," said the latest HFR Market Microstructure Industry Report, released by Hedge Fund Research (HFR).

There were 284 new launches in 4Q12, says HFR, representing the 2nd highest quarter for 2012. In 2012 as a whole, 1,108 funds were launched, compared to 2011's total of 1,113. Launches last year were spread across Macro, Relative Value and Equity Hedge strategies.

As for hedge fund liquidations there were 238 in 4Q12 and 873 for the full year, the highest since 2009 when more than 1,000 funds liquidated. Most of last year's closed funds used the Equity Hedge strategy.

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

1) Former GLG partner Raffaele Costa unveiled last month the first fund of his new firm Tyndaris, a real estate fund.

2) Two former-GLG traders, Bart Turtelboom and Karim Abdel-Motaa, begun this month raising money for a new venture called APQ Partners. Their new emerging markets fund, called Alexandria, may soft-launch in the second quarter.

3) BlueSpruce Investments L.P., a new hedge fund started last month in Chicago by two former Madison Dearborn Partners professionals, Tim Hurd and Ed Magnus, has apparently already attracted investments from some of Chicago's wealthiest famil......................

To view our full article please login

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

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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new