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By Benedicte Gravrand, Opalesque London: A roundup of last week’s hedge fund launches, closures, index performance, trends, regulatory, legal and financial events pertaining to the alternative investments world.
Last week, we heard of fund launches from Woori and Temasek; QuantZ (market neutral); Tyrus (event-driven); Bainbridge (CTA/global macro FoHFs); Mountjoy (investible portfolio); Dexia (3 x European); Man and Credit Suisse (managed accounts); Yield/Capital Appreciation; Flintlock (commodity); Scipion (mining, Africa); Tom Maheras; and Tufton (transport). Jupiter opened its Financials Hedge Fund to external investors.
Ex-TCI’s Patrick Degorce finally 'soft' launched Theleme Partners with $200m; New Castle Funds, a hedge fund firm embroiled in the Galleon case, is creating a new management company and new funds (and also cut some of their fees); and the former CEO of Tower, Tetsuo Tanimura, set up a hedge-fund consulting firm.
The Children's Investment fund (TCI) closed down in Asia following the departure of its regional head earlier this year; and Citigroup was said to be thinking about re-launching its hedge fund unit (Citi Alternative Investments) and was looking for a new name.
The Nordic Hedge Fund Index ...................... To view our full article Click here
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