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We learned of launches from Gramercy (master fund with exposure to firm-wide strategies), Para Advisors (multi-strategy UCITS), former Tiger Asia pro Hugh Kim (Greyson Asia Fund a long/short equity strategy), Implied capital (offshore market neutral), and Jeff Middleswart announced he would launch a fund in July (short-selling).
Also announcing a new fund launch was Tiedemann Wealth Management which launched the TWM Partners Fund (global, multi-manager strategy), SAC Capital (quant fund), APG (hedge fund incubator), Palmer Square Capital Management (mutual fund of funds), Deka (multi strategy UCITS), and Stuart Bohart will launch a second and third fund at Fortress.
We also heard that the $40m Twitter based hedge fund Derwent Capital Markets is now open for business.
At the end of the week, the perhaps unsurprising news hit that FrontPoint Partners will close most of its funds by the end of the month due to the effects of its association with the insider trading scandal.
Hedge funds April performance numbers continued to trickle in with multi-strategy hedge fund EMAR fund securing gains, up 1.66% in April, and bringing
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