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Bill Winters 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 Bill Winters, a former top JPMorgan Chase & Co official plans to launch an asset management and hedge fund company in London, and learned that Shumway Partners' star portfolio manager Tom Wilcox is starting his own hedge fund. The Chinese will soon have their first hedge fund, to be launched by Guotai Junan Securities Co. (China-focused) and it will used index futures to mitigate systematic risks. There was also news about new funds from Insparo Asset Management (Africa focused equity fund), Ionic Capital (convertible arbitrage), and Matarin Capital announced two new funds (long/short equity and opportunistic long and shorts).
UCITS funds were launched by GLG, which unveiled its version of North America Absolute Return fund, and by Schroders which launched two currency hedge funds, the Schroder ISF Absolute Return Currency EUR and Schroder ISF Absolute Return Currency USD (Ucits); and Credit Suisse announced plans to release a leveraged version of its merger arbitrage exchange-traded note (ETN).
After poor performance since 2008, Christian Siva-Jothy will close SemperMacro Fund's positio...................... To view our full article Click here
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