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Benedicte Gravrand, Opalesque Europe: 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 Davidson Kempner Capital (event driven multi-strat); Traxis Partners (UCITS version of flagship); Hamon A. M. (China absolute return); LibreMax Capital (credit); Trafalgar (Ucits version of European L/S equity fund); Frontier Capital (managed futures FoFs).
Also, 76-year-old California entrepreneur Daniel Maarsman will launch a hedge fund as he wants 'to see people make some decent money;' D.E. Shaw's exec Daniel Posner will leave and launch his own hedge fund, said Hfmweek.com, which also reported that Faisal Syed, formerly of Highbridge Capital, had formed New York-based PAMLI Capital Management to launch a credit relative value and L/S strategy, that Brevan Howard had launched its third Ucits-compliant fund seeking to partially replicate the trading success of the firm's $24bn flagship, and that SG Alpha's emerging Europe hedge fund is to open to outside investors and will start a Ucits version early next year. GAMCO Investors has opened its green technology L/S fund to outside investors after a year-and-a-half track record; Alpha Titans FoHFs opened its doors to Australian investors; and Audley Capital launched a natural resources hedge fund and re-opened its European Opportunities Fund.
Newedge...................... To view our full article Click here
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