Sat, Feb 24, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers December 2013

LAUNCHES & NEW FUNDS: Recent maiden fund launches

 

In late November, Asian Investor reported that according to Preqin, a data provider, Asian accounts for 13% of the 604 new hedge fund launches globally this year.North America makes up the majority of new fund launches (70%), with Europe second at 16%. The global total for 2013 is set to be the lowest number in a decade, following last year's 966 launches and 1,067 in 2011.

Asian launches may be a minority, but global banks and asset managers are opening hedge funds in Asia for the first time since the 2008 financial crisis, putting pressure on smaller firms that are already struggling to hold onto investors, said Bloomberg, which cites Goldman Sachs, UBS and GLG Partners, Highbridge Capital and Pine River Capital. We recently heard of those ex-hedge funders striking out on their own:

1. Doug Gordon, Jon Hilsabeck and Don Jabro, former money managers at Vinik Asset Management LP, have opened their own investment startup after the hedgefund firm run by Jeffrey Vinik shut earlier this year, according to Bloomberg. Shellback Capital LP, which will bet on and against U.S. stocks, is based in Boston and will start trading in January.

2. Naoki Iwami, a former managing director at Millennium Capital Management in Tokyo, expects to raise about $150 million by the end of March for his hedge fund that invests in bonds and currencies, said BusinessWeek. Tokyo-based Whiz Partners Inc. runs the Whiz Rock Global Macro Investment Fund, which has about $50 million and has returned about 1% since inc......................

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. Opalesque Exclusive: Global Sigma captures February's long-vol trade[more]

    Bailey McCann, Opalesque New York for New Managers: Florida-based Global Sigma rode February's volatility to new highs. The firm's AGSF strategy is up +2.8 percent through February 16 and +4.2 percent YTD a

  2. Art & Motion launches collectible car alternative investment vehicle[more]

    Komfie Manalo, Opalesque Asia: Luxembourg-based Art & Motion has launched a new investment vehicle dedicated to vintage cars and exceptional high-quality vehicles as this collectible market has grown exponentially the turn of the centu

  3. Investing - Hedge funds turn short on tech just as stock rally takes off, After biggest short, speculators slash bearish US bond bets as supply deluge looms[more]

    Hedge funds turn short on tech just as stock rally takes off From Newsmax.com: A key group of investors has just missed out on the biggest tech-stock rally since 2014. Hedge funds and other large speculators turned net short on Nasdaq 100 Index futures for the first time in 21 months, ac

  4. Low volatility funds fail to protect investors[more]

    From FT.com: A number of exchange traded funds (ETFs) designed to protect investors from sharp stock market gyrations lost more money than mainstream US stocks during a sell-off this month, underperforming in precisely the conditions in which they were meant to thrive. Low volatility ETFs, lau

  5. Legal - Hedge funds fight to save M&A arbitrage strategy, Fannie Mae and Freddie Mac ruling blow to hedge funds[more]

    Hedge funds fight to save M&A arbitrage strategy From FT.com: Hedge funds which use the US courts to wring higher prices for merger and acquisition deals are fighting to save the lucrative investment strategy, after a Delaware court ruling that threatens to shut it down. Verition Partner