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Hedge fund launches outpaced liquidations in the second quarter of 2001 with 280 launches versus 191 liquidations, according to data provider Hedge Fund Research. Russian banker Alexander Pylev set up a hedge fund firm called Advantage Asset Management; RWC Partners are planning a new macro hedge fund; Icahn’s top health-care investing deputy Alex Denner may leave to start his own hedge fund; former U.S. Navy SEAL Mark Beder formed Maerisland Capital and the Maerisland-Trident Fund (long/short equity); Aquila Capital started a UCITS-compliant CTA fund with Dr. Harry Kat as new Head of Research; and Regal Funds Management Pty is targeting Australia’s mining boom with the launch of a new resources fund.

Several closures were reported; TT International will wind down its Asian Opportunities hedge fund as managers are leaving the firm; and Goldman Sachs Group is shutting down its Global Alpha fund after YTD losses totaled -12%.

Hedge funds lost an estimated $45.32bn in assets last month but allocations still outpaced redemption, according to data provider HFN. Gross outflows from hedge funds, as measured by the GlobeOp Capital Movement Index, were 0.57%, the lowest since GlobeOp first started to keep records in January 2006. Blackstone Group and UGS increased their hedge funds assets with an additional $21bn in the first half of 2011; Gotex’ assets jum......................

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