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Komfie Manalo, Opalesque Asia: 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 well known industry names such as former Icahn Management Head Rupal Doshi, who will launch Corvex (long/short activist), and former Galleon Group Co-Founder Gary Rosenbach who will give it another go with a new hedge fund firm named Rockledge Capital Management LLC. Other spinouts include Insight Capital Research & Management PMs Lance Swanson and Lee Molendyk who will launch Diablo Vista Capital Partners (long/short equity) and Moore Capital trader Paul Findley who will launch Bramshott Capital (long/short equity) with the backing of his former firm.
Algert Coldiron Investors unveiled a second global equity market neutral fund and Headstart Advisors launched the Limestone Global Emerging Markets Fund. Deutsche Bank's mutual fund unit will dip its toe into hedge fund waters in 2011, launching a hedge fund for private investors in the first quarter, Morgan Stanley and Algebris announced a partnership for a UCITS III long/short global equity fund that will focus on financials, and Kotak Mahindra Bank launched the India Absolute Opportunities Fund to focus on the upside in Indian shares.
At least one fund closure was reported with London-listed Polar Capital announcing that its Polar Capital Discove...................... To view our full article Click here
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