Fri, May 27, 2016
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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  4. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  5. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year