Mon, Mar 30, 2015
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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner