Wed, Dec 13, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers March 2017

BULLETIN

More launches planned this year

According to Preqin's survey of over 270 hedge fund managers for the 2017 Preqin Global Hedge Fund Report, 37% of respondents plan to bring a fund to market in 2017, a significantincrease from the 29% that were planning on launching a new fund in 2016. Furthermore, over a quarter of respondents planning to launch a fund in2017 will be launching a strategy that isnew to their firm, thereby increasing theirrange of solutions available to investors. Titan Opportunities fund returns 46% in first nine months

Titan Opportunities Fund, set up by Espen Westeren and Fredrik Halvorsen, has returned 46% in its first nine months by snapping up distressed and shunned oil-related assets. Now, they want to step up their bets by raising as much as $175m. The goal: double or even triple the money in the next three to five years, with an annual return of at least 30%, before returning it to investors.

"The opportunity is now," Westeren, the fund's chief investment officer, said in a phone with Bloomberg. "We've had an almost unprecedented down-cycle, which has been very brutal. We believe we will see an upturn that will last a few years." Jens-Peter Stein to invest in Ben Melkman's Light Sky Macro

Jens-Peter Stein, cofounder of multi-billion hedge fund Stone Milliner Asset Management, is planning to make a small investment in Ben Melkman's Light Sky Macro, a new New York-based firm, according to Business Insider. Stein previously worked at macro manager Moore Capital Management, whose founder, Louis Bacon, is also pla......................

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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  3. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  4. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  5. Opalesque Exclusive: Credit Suisse Asset Management's NEXT Investors leads $6M Series A round for LUX Technology and Services[more]

    Bailey McCann, Opalesque New York: Credit Suisse Asset Management's NEXT Investors has led a $6 million Series A funding round for LUX Technology and Services, a business and technology solutions provider for the alternative assets industry. The investment will be used to fuel growth of Trans