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Kirsten Bischoff, Opalesque New York: A roundup of the week’s hedge fund launches, closures, index performance, trends, regulatory, legal and financial events pertaining to the alternative investments industry.
Last week, we heard of fund launches from Iridium Asset Management (Asian equity long/short), started by Jason Wang (former GLG manager) and Simon Quirke (former Lionhart manager) and The Eaton Vance Commodity Strategy Fund, which will be co-managed by John Brynjolfsson of Armored Wolf. Environmental focused firm Impax Asset Management will launch an open ended Asia focused fund; while Swedish Adapto targets wind power in its new Adapto Green fund. RoadRunner Capital Management will launch its first hedge fund the Lobo Volatility Fund (market neutral), Octopus plans a European Absolute Return fund, a new l/s healthcare fund will launch courtesy of Davidson Kempner alum Roderick Wong, Pictet has a new UCITS III fund (l/s equity), and Mirae will target Korean investors with a new CTA to be managed by Robeco affiliate Transtrend.
Launches have slowed overall in the early part of 2010, with most new products being rolled out by established firms. However, still seeing smaller start ups is the high frequency trade space.
Meanwhile, Trafalgar announced the launch of a new Cayman vehicle (credit) even as it announced it has c...................... To view our full article Click here
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