Alternative Market Briefing

Fund launches – Natixis launches two hedge fund beta replication funds with AlphaSimplex, Taylor A. M. launches small-cap equities hedge fund, Pequot vet Gregory Spiegel readies Riptide Capital, a L/S hedge fund, Ex-Bear VP Paul Arrouet prepares Marble Gate, a distressed hedge fund, Ex-Mormon church money manager opens the Coraticum fund, a L/S equity fund, Harcourt eyes pure distressed FoF, London startup Jubilee Financial seeks seeder for loan funds, Startups have no choice but to wait out fundraising trickle

Friday, October 03, 2008

Opalesque Exclusive: Natixis launches two hedge fund beta replication funds with AlphaSimplex Natixis Global Associates (NGA) announced yesterday that it had launched two hedge fund beta replication funds in conjunction with AlphaSimplex Group (ASG). They will be managed by Dr. Andrew W. Lo, one of the pioneers in hedge fund beta replication.

The funds will seek to capture the common risk factors or "betas" of a broad group of hedge funds by using futures and forwards contracts and other instruments, and are designed to provide investors with the diversification benefits of hedge funds but with greater liquidity and transparency, and at lower cost... Full press release: Source

Taylor A. M. launches small-cap equities hedge fund Stephen S. Taylor, Chairman of Chicago-based Taylor Asset Management, announced the launch of his new hedge fund, Taylor Fund, LP. The fund will focus primarily on small-cap equities with an emphasis on restructuring, turn around, and event driven opportunities. Additionally, the fund will pursue opportunities in the emerging market small-cap area, building upon Mr. Taylor’s experience as co-manager of his two other successful funds; Chinamerica Fund, LP and the Access America Fund, LP.

“I am extremely excited to launch this fund and believe there are some tremendous opportunities for thoughtful investors......................

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