Sat, Jul 2, 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. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  2. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  3. Chesapeake Partners to liquidate hedge fund amidst 'hostile environment'[more]

    Komfie Manalo, Opalesque Asia: Chesapeake Partners Management, the hedge fund run by woman fund manager Traci Lerner said it would return investors’ money after 25 years because the market environment has become "hostile" to manage other people’s money, reported

  4. Europe - George Soros says Brexit has ‘unleashed’ a financial markets crisis, Brexit—what we know, Will the UK’s departure be a ‘soft-Brexit’ or a ‘hard-Brexit’?, Brexit: Six-point action plan for asset managers[more]

    George Soros says Brexit has ‘unleashed’ a financial markets crisis From Bloomberg.com: Britain’s decision to leave the European Union has “unleashed” a crisis in financial markets similar to the global financial crisis of 2007 and 2008, George Soros told the European Parliament in Bruss

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.