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Last week, we heard of fund launches from Thames River (absolute return), we learned GAM will launch a UCITS III version of its fund of hedge funds, and Arrow Funds announced another alternative investment mutual fund (commodities). There was an update on Morgan Sze’s $1bn+ fund (it launched in Hong Kong this past Friday), Sentosa Capital set up a fund (Asia focused credit), LNG Capital (offshore European corporate bond UCITS fund), and Act II Capital Specialist Equities Fund launches as UCITS III with $50m.

Opalesque also learned that Stephen Diggle, ex-managing partner and co-founder of Artradis, will launch two funds, the Artradis Russian Opportunities and Artradis Testudo.

We also heard that newly launched Sovereign Wealth Fund by Taurus Orators, aims to top $150bn assets in first year.

In a unanimous vote at Ashmore, the Board of Directors of Global Opportunities Limited rejected a resolution that suggests closure of the company. Meanwhile two funds announced they would shutter, including Citadel LLC, which will close a residential mortgage funds after its portfolio manager left the firm, and tech hedge fund FISAM Capital, closed its doors a few weeks ago after a large investor redeemed its money.

The Morningstar 1000 Hedge Fund Index up +1.5% in February; and the Parker FX Index up 0.06% (-0.73% YTD).

Man Group is aiming to raise additional assets and......................

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