Mon, Nov 30, 2015
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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November