Tue, Sep 2, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers June 2014

EMERGING MANAGER BULLETIN: Latest developments within the emerging manager community

LindenGrove tops €1 million

According to Financial News, revenues at LindenGrove Capital, a global macro hedge fund manager set up in late 2012 by a former head of liquid markets proprietary trading at Nomura, topped €1 million in the 12 months to the end of March 2014 - the firm's first full year since gaining regulatory approval and launching its fund. Borut Miklavcic, founder and CIO of LindenGrove Capital, talked to Opalesque last year about his new fund ( full article here).

Blackstone-seeded hedge fund Sureview Capital shutters

Greenwich, Connecticut-based stock-focused hedge fund Sureview Capital LLC shut down early this year and has been liquidating its assets in the past weeks... According to The Journal, former Tiger Management trader John Wu decided to close down the fund because most of his time had been spent raising more money for Sureview instead of trading to earn profits.

As at end 2013, Sureview had an estimated $400m in assets under management. Blackstone provided the $150m seed capital for the fund when it was launched in 2011 on the condition it would receive a portion of the fees earned. It was expected to generate huge capital when it was launched because of Wu's name and his credentials including a stint at Kingdon Capital and of course, the backing of Blackstone... ( full article from Komfie Manalo here).

Illinois Teachers increases allocation to emerging managers

Illinois Teachers' Retirement System, Springfield, increased its dedicated allocation to emerging money managers to $750 million, reported ......................

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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the study

  2. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  3. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  4. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius

  5. Big hedge funds tighten grip amid consolidation[more]

    From Asianinvestor.net: The hedge fund industry consolidated last year with the number of funds falling by around a tenth from 2012 but assets under management rising $248.8 billion to $2.6 trillion, finds a new report from research firm eVestment. Firms with more than $1 billion in hedge fund A