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Alternative Market Briefing

Review of hedge fund launches, closures, trends, regulatory and legal events - week 51

Wednesday, December 28, 2011

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Philippe Gougenheim
Philippe Gougenheim, Managing Director at Unigestion in Switzerland left the company to launch his own global macro hedge fund in the next few months; in an interview with Opalesque, Systemic Alpha Management explained the approach of its first multi-strategy CTA fund to be launched next month; Swiss banking Group SYZ launched the fund OYSTER Multi-Manager Tail & Trading, a new sub-fund of its Luxembourg Part II SICAV 3A Alternative Funds; Forefront Dynamic Strategies Group has started a new hedge fund with $750,000; Castilium Capital is preparing to launch a systematic long/short equity strategy in February; FrontPoint Partners' Stephen Czech announced his departure from the firm's remaining hedge fund business, to launch his own venture, Czech Asset Management LP next month; and South Korea's financial regulator approved of the country's first 12 homegrown hedge funds.

On Friday, Spain's BBVA announced the closure of BBVA Codespa Microfinanzas, the country's first hedge fund, launched in 2006.

The Lyster Watson Credit Fixed Income Index was up 0.10% in November (+2.57% YTD); Managed futures held ground as the Barclay CTA Index returned 0.11% (-3.09%); The Scotia Capital Canadian Hedge Fund Inde......................

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