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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 Wykeham Capital (Asia focused long-biased, small and micro cap equities), Amber Capital (global long/short focused on consumer, retail and ag stocks), GLG (multi asset, global macro UCITS), and a new Brevan Howard listed feeder fund company (investing in the firms credit catalyst fund).
Also launching is a mortgage hedge fund from James Caird Asset Management, and three new investment vehicles from Galloway Capital, which rolled their global credit theme flagship to US investors and added a Latin America fixed income fund and a Brazil fixed income fund to their offerings.
Astounding asset raises by Goldman alum set new highs for 2010 this week as we learned Mark Carhart’s long-awaited Kepos Alpha Fund (multi-asset) will launch in November as will former GS traders Madelblatt, (equities) and Flamand’s funds, with the each of the trio already raising $500m prior to their official launches. Also showing strength this week in asset-raising is asset management firm Angelo Gordon, which just raised $625m for a new Asia Realty Fund.
In fact, stories of larger asset rais...................... To view our full article Click here
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