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Alternative Market Briefing

Opalesque Roundup: Hedge-funds bleed-out and shut down: hedge fund news, week 40

Monday, October 08, 2018

In the week ending October 5th 2018 two hedge funds with almost $15 billion in total assets have announced they are folding. One of the biggest hedge funds, Boston-based Highfields Capital Management, which manages about $12 billion, announced that it is winding down due to lackluster returns. Criterion Capital Management followed suit when it said in the very next day that it is shutting down after 16 years in business. Dmitry Balyasny, who created a hedge fund during the financial crisis to trade on his best ideas, has also closed it after poor performance on the same day.

On the launch side, a new Boston-based manager Chakra Capital has launched an equity long/short fund with a refreshing take - fund manager Gopal Reddy actually takes single name shorts; The Local Pensions Partnership (LPP) has announced it had established the LPPI Diversifying Strategies fund, pooling together GBP 750m ($972.66m) of assets and Toronto-based Picton Mahoney Asset Management has added three alternative funds to its Fortified Fund family, the asset manager said

Among other new launches, Ricardo Leiman reportedly ......................

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