Mon, Jan 22, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers October 2017

LAUNCHES

  • Steve Cohen, the hedge fund billionaire banned from managing outsiders' money, has been prepping a fund via an external firm. But, Business Insider reports that a big question is how much Cohen's new fund will raise. Reports about how much fresh money the new fund will target have varied - up to $10 billion on the high end
  • Just a year ago there were hardly any dedicated cryptocurrency funds, now investment in the sector has mushroomed enough that the first funds-of-funds are emerging. Serial entrepreneur and venture capitalist Rick Marini wants to raise $100 million to invest in 10 crypto-focused hedge funds. The fund, called Protocol Ventures, opened this month with $1 million of Marini's own capital, Bloomberg
  • Marathon Asset Management boss Bruce Richards is gearing up for the next global recession, which he reckons could be less than two years away. The chief executive officer of the credit hedge-fund firm is planning a new distressed fund to take advantage of the opportunities created by another world slump. It could start raising capital as early as the second half of 2018, according to Bloomberg .
  • Quantopian, a "crowdsourced" hedge fund backed by Point72's Steven Cohen and Andreessen Horowitz, has launched its first fund for outside investors that want to tap into its community of data scientists and programmers, according to The Financial Times . The Boston-based company provides a platform for computer scientists to try their hand at coding trading algorithms, awarding prizes to and licensing the best strategies. In 2016 Quantopian started trading with modest amounts of its own money to test out the reallife performance and resilience of some of the algorithms, and this spring it began allocating some of the $250m promised by Mr Cohen.
  • A tech focused stock team from Steve Cohen's investment firm is readying for launch. KCL Capital, founded by Chris LaSusa and Kevin Cottrell, plans to open N......................

    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. Opalesque Exclusive: Statsure Financial launches captive insurer for hedge funds[more]

      Bailey McCann, Opalesque New York: Hedge fund managers have a new option for protecting their business. Launching this week at the annual MFA Conference, Statsure Financial is offering a captive insurance solution for hedge fund managers. Many large companies have captive insurers - insurance

    2. U.S. economy, inflation and alternative investments to dominate 2018 markets, says family office Wilmington Trust[more]

      Komfie Manalo, Opalesque Asia: The emergence of a late-cycle economy in the U.S., the mystery of inflation and growth from a domestic and global perspective, and the potential for alternative investments to prosper against a backdrop of rich valuations, low yields, and higher volatility are the t

    3. Performance - Some hedge funds deliver double-digit gains for 2017, Brevan Howard's hedge fund suffers biggest annual loss in 2017, Crispin Odey's flagship hedge fund plummeted about 20% in 2017, Profits fall 90% at ex-Morgan Stanley banker's hedge fund, Fannie-Freddie overhaul might mint hedge fund riches, losses[more]

      Some hedge funds deliver double-digit gains for 2017 From Reuters/Investing.com: A handful of hedge funds ended 2017 with double digit returns, their investors said, at a time the $3 trillion industry took in fresh money and posted its best returns in years, industry data show. Act

    4. Investing - Hedge funds start 2018 with record $19 billion bet on the euro, Hedge fund Kora Management invests in Satin Creditcare[more]

      Hedge funds start 2018 with record $19 billion bet on the euro From Reuters.com: Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near ter

    5. News Briefs - Mobius to retire from Franklin Templeton, Authorities decrypt smart phone of Princeton grad charged with killing Manhattan hedge fund dad, Investigators seize (more) antiques from hedge-fund billionaire Michael Steinhardt's collection[more]

      Mobius to retire from Franklin Templeton Emerging markets pioneer Mark Mobius will be stepping down as executive chairman of the Templeton Emerging Markets Group (TEMG) and formally retire from Franklin Templeton on 31 January. He will also be relinquishing his post as portfolio manager