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From Kirsten Bischoff, Opalesque New York:
News of 2009 ending with consecutive monthly net inflows into hedge funds has served up predictions that the industry may be well poised for re-growth as early as Q110. Perhaps of most interest to the legions of small and still young funds that continued to perform well over the past months, is the news that a portion of these investments are being allocated to even recently established managers, as evidenced by some of the latest seed announcements.
Armored Wolf, a global macro hedge fund manager led by former PIMCO portfolio manager and managing director John Brynjolfsson announced its receipt of $40m in seed money by France-based alternative investment incubation specialist NewAlpha Asset Management. The allocation pushes the firm past $100m in assets under management less than a year after its global macro strategy launched.
The Armored Wolf Alpha Fund, (which returned approximately +6% in its first 11 months according to industry databases), is a global macro strategy investing in liquid real-return assets (commodities, inflation-linked bonds, emerging market equities, bonds and foreign exchange). Prior to Armored Wolf Brynjolfsson's track record as PIMCO managing director included launching and growing the real-return family of funds to $80bn.
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