Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing Weekly

Review of hedge fund launches, closures, trends, regulatory and legal events - week 32

Saturday, August 14, 2010

Kirsten Bischoff, Opalesque New York:

Last week, we heard of fund launches from Emeralt (long/short, Eastern Europe equities) SSY (freight derivatives), Rosecliff Capital (long/short US equity), Reflexion Capital (long/short equity), and a Natixis fund that will be co-managed by Dr. Andrew Lo (managed futures/mutual fund). Also launching are Union Capital Management’s UCM Union Delta Fund (long/short US equity), Carrousel Capital’s Centrix IX Fund (systematic multiple style rotation investment strategy), Global Hedge Fund Group’s oil sands-backed vehicle, Harbinger’s Pan-Asia fund, and a firm launch by former Barclays Global Investors CIO which will eventually bring to market a long only Australian equities fund and a long/short product. Additionally, three asset management firms announced a joint venture in The Seed Fund, which will invest $25m-$50m per diversified portfolio into emerging hedge fund managers.

Managed account strategies being launched as fund vehicles include one from Praesidium, which is replicating a value strategy that has been in place already for two and a half years, and one from Iron Capital, an Atlanta-based firm that will launch the Gateway Fund (concentrated equities with a long-bias). We also heard of a re-launch from Capernico, which will once again focus its Copernico Argentina Fund on opportunities arising in that market. It is also evident that the UCITS trend is here to stay (see: Funds of UCITS trend in full swing, 80% of surveyed funds in launch or pre-launch mode - KDK Asset Management) and this week we heard of another fund being wrapped into a UCITS structure as Jabre announced it will ma......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1