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In the week-ending 13 July 2012, it was reported that Capital Group One launched its second Euro hedge fund in five years; Sparx Group announced plans to launch a new fund to take advantage of "ridiculously low" domestic market valuations; Citigroup said it was raising between $50m and $75m for a new hedge fund without putting its own cash into the venture; Maso Capital said it hired former Mount Kellett Capital executive Allan Finnerty for a top role at a new Asia hedge fund; the former head of foreign exchange in Asia Pacific for Credit Suisse, David Curtis, is planning to launch his own hedge fund by October to trade G10 and Asian currencies; Vladimir Jelisavcic plans to spin off one of Longacre Fund Management’s funds and manage it through a new venture; Patrick Boyle is to launch a new hedge fund, the Palomar Fund Management.

Sustainable Capital announced the launch of a new agro forestry and sustainable resources investment fund; J8 Capital Management and Pairstech Capital Management said they would launch the J8 Futures Fund, a CTA managed futures fund domiciled in Malta, in October; Hatteras Funds has partnered with insurer Jefferson National to launch the Hatteras Alpha Hedged Strategies Variable Fund; Hutchin Hill Capital launched last week a new fund that concentrates on long/short credit trading; and Prosperity Capital Management said it plans to launch a Luxembourg-domiciled UCITS-compliant equity fund that invests in Russia.

Passport Capital announced it would close down Passport Materials Fund after a 31% los......................

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