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Alternative Market Briefing

Opalesque Roundup: Despite challenges, new hedge funds launch every week: hedge fund news, week 50

Monday, December 07, 2015

In the week ending 04 December, 2015, Data from Walkers showed that new hedge fund launches continue despite a challenging year for the industry. One of the new launches include Nut Tree Capital's credit hedge fund set up to seize opportunity in U.S. small and mid-caps; Jeff Emmanuel is also launching a hedge fund with $20m of his own money; and Old Park Capital has announced that a new trading team has joined the firm to launch the SI8 strategy from December 1st.

On the other side, Trafigura Pte Ltd. said it is shutting down its flagship Galena Metals Fund; Manish Chopra is closing his Tiger Veda Management fund with nearly $488.3m under management; Louis Dreyfus Holding will close its Singapore office to focus on its European trading operations; and, of course, the biggest news was that Michael Platt will shut down his BlueCrest Capital and would be returning the $7bn he manages for outside investors. The firm will continue running prop money only.

The Parker FX Index down -0.60% for the month of October (+0.84% YTD); The HFRX Global Hedge Fund Index was down -0.72% in November (-2.34% YTD); And the Lyxor Hedge Fund Index ......................

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