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New Managers September 2013

Launches: Skënderbeg fund of hedge funds, Leprin Tail Risk Green Fund, Humber Global, Diamond fund, HFR statistics + Recent maiden fund launches and new funds' updates

Ex-BrunnerInvest analyst prepares launch of fund of long/short equity hedge funds for spring 2014 Bruno Schneller

Benedicte Gravrand, Opalesque Geneva

... A courageous act, as hardly anybody is launching funds of hedge funds (FoHF) these days. Hedge Fund Research said last week that the number of FoFs continued to decline to 1,842 in the second quarter (2Q2013), the lowest level since 2005; that the total hedge fund industry capital managed via FoFs declined to 26.8%, the lowest level since 2001; and that FoF liquidations exceeded FoF launches for the 9th consecutive quarter, dating back to 1Q11.

"There is some room for emerging FoF managers," Schneller tells Opalesque. "From time to time, there has to be some fresh ideas and some new companies. We don't have any competitor launching FoFs. The FoF industry is at the bottom of the J curve."

... Schneller left his hedge fund analyst position at BrunnerInvest, a Zurich-based FoF and wealth manager, at the end of July and co-founded a new company also based in Zurich on 1st August, named Skënderbeg Asset Management.

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Ex-Fundana analyst to launch systematic tail risk hedge fund with responsible bias by January ......................

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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.
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