Fri, May 25, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers July 2017

BULLETIN: Seed, new investments, A&P Emerging Manager Index, Preqin: Emerging hedge funds: Can they outperform?

 

Blackstone backs ex-TPG-Axon exec's new fund

Blackstone Group has written the first check from its latest seeding fund, the$1.5bn Strategic Alliance Fund III, reported Reuters, committing $100m in start-up capital to a new hedge fund run by a former TPG-Axon executive.The New York-based investor, one of the world's biggest alternative asset managers, funded Keita Arisawa's Hong Kong-based Seiga Asset Management earlier this month. The hedge fund, launched earlier in 2017, plans to make bets on Asian stocks.

Leda Braga broadens horizons

Systematica Investments, the $8bn hedge fund run by ex-BlueCrest Capital manager Leda Braga, has quietly launched its first dedicated fund targeting relative value trading opportunities, reported FNLondon.com. The Systematica Macro RV fund was launched on June 12 with partner capital and has not yet begun marketing to external investors. The fund, which will run most of its risk in relative value strategies, represents a "departure from the more directional approach to macro" typically deployed by commodity trading advisers, according to Braga.

Folger Hill might be turning around

Folger Hill Asset Management, started by Steve Cohen's former chief operating officer Sol Kumin in 2015, suffered deep losses after its launch, but gained 3.7% after fees in the first half of this year in its flagship US fund.

The bulk of those gains came last month, with the stock-focused fund posting a 2.4% return in June, ......................

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. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  2. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  3. Third Point to raise $400 million for SPAC, Farley to run it[more]

    From Reuters.com: Daniel Loeb's hedge fund Third Point LLC plans to raise $400 million for a "blank check" company which will be run by outgoing stock market operator NYSE Group President Thomas Farley, according to a regulatory filing made on Tuesday. The new company, referred to on Wall Stre

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven