Sat, Dec 3, 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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Europe - UK investors to pay more tax on money in offshore funds, Do you want to hand your money to super-algo or a Swiss banker?[more]

    UK investors to pay more tax on money in offshore funds From FT.com: Hedge funds in Dublin and Luxembourg are set to be hit by new rules that will force UK investors to pay more tax on the money they hold in offshore funds. As part of the government’s Autumn Statement on the country’s fi

  3. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  4. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  5. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan