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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 Thames River (absolute return), we learned GAM will launch a UCITS III version of its fund of hedge funds, and Arrow Funds announced another alternative investment mutual fund (commodities). There was an update on Morgan Sze’s $1bn+ fund (it launched in Hong Kong this past Friday), Sentosa Capital set up a fund (Asia focused credit), LNG Capital (offshore European corporate bond UCITS fund), and Act II Capital Specialist Equities Fund launches as UCITS III with $50m.

Opalesque also learned that Stephen Diggle, ex-managing partner and co-founder of Artradis, will launch will launch a new fund management firm, Vulpes Investment Management and a new fund, The Lava Fund, which will be similar to the Artradis Barracuda fund which hit difficulties in 2009/2010. Diggle has hired a chief risk officer for his new firm and is offering a welcome back to original investors with the original high water mark.

In a unanimous vote at Ashmore, the Board of Directors of Global Opportunities Limited rejected......................

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