•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

The launches reported last week were led by Sutesh Sharma, who announced plans to quit Citigroup’s proprietary trading unit to open his own hedge fund. Diego Parrilla, former head of Asian commodities at Bank of America Merrill Lynch launched the NARECO Commodity Low Vol Alpha (commodity) fund in Singapore. Global Forestry Capital is seeking a strategic partner for its new hedge fund, Global Forestry Growth Fund. Former Jetstream pro Gary Dean will launch the Carilliam Global Fund, Carilliam Offshore and Carilliam Global Fund II, a 3c7 vehicle. Sir John Beckwith's venture RiverCrest Capital signed the first two teams to launch two hedge funds. Sparx credit team spinned off to launch a new hedge fund called Double Haven.

London-based Ration Asset Management however decided to close the Ratio European Fund (-4% YTD) and return all assets to investors.

Hedge funds assets reported a rise as Hong Kong-based Prime Capital Management's Greater China long short equity hedge fund’s asset grew to $1.7bn. South-Africa-based Peregrine Capital Introduction is starting to raise assets for non-Peregrine hedge fund managers. HFR reported that the total capital invested in Emerging Market-focused hedge funds had increased by $1.4bn during the second quarter, to a record high of $123bn. HFN said that event-driven and special situations funds’ assets had risen by 4.1% or $21.2bn, ......................

To view our full article Click here