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There were several launches reported last week led by the announcements that Northlight Financial LLC has introduced a $100m middle market loan hedge fund (distressed market), and that US bond giant Pimco launched the GIS Diversified Income Duration Hedged fund (floating and variable rate bonds). We also learned of launches from
Knight Vinke (long/short global), Skyline Capital Management (UCITS global long/short equities), DE Shaw (energy fund), DBS AM (Japan Recovery and Asia asset allocator), and Citic Securities International Fund Management (Forex).
We also heard that JPMorgan Asset Management has launched its Japan Market Neutral fund (market neutral). GSA Capital Partners launched the GSA Quantitative Futures Fund (managed futures), and the Lee Robinson of Trafalgar Asset Management has infuriated investor Goldman Sachs by raising money for a fund.
Capstone Holdings Group LLC is closing its broker-dealer business, Capstone Global Markets LLC, to focus on its hedge fund.
In performance, the market volatility in May generated alpha for Global Sigma Plus. The EF Speculative Index and Commodity Program was up +2.07% in May (+10.19% YTD), and 'Alternative Alternatives' in...................... To view our full article Click here
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