•  
• Tweet
•  
•  
•         Track Keywords
•  
• 

By Benedicte Gravrand, Opalesque London: A roundup of last week’s hedge fund launches, closures, index performance, trends, regulatory, legal and financial events pertaining to the alternative investments world.

Last week, we heard of fund launches from Molinero (CTA); Traxis (3 x global funds); Gennaro Pucci (European credit); Matrix-PVE (global credit); Aramid and Thomas Funds (L/S Capital Preservation); Man Investments; Insch Capital (‘gold note’ share class); Optis and Oryx (long-only pan-African); Collins Stewart (fund of absolute return funds); Yachtz Radcliff (L/S US alternative energy and infrastructure companies); ISAM (re-launch of gold fund); Jupiter (2 x UCITS III); EverKey (Canadian-dollar based version of offshore fund); Wellesley (L/S private); Sothic (European debt); Lyxor / Tudor (replication of quant fund); RCM Partners (special sits); Keel Capital (SIF SICAV); QFS (managed accounts); and Punch & Associates (micro cap).

Among start-ups; Stuart Wilson and Teall Edds, the senior managers in Hong Kong and Singapore of Stark Investments, a U.S. $7.5bn hedge fund manager, left the firm to form Orchard Capital Partners, taking Stark’s operations with them; Olympia Asset Management, an equities trading boutique located in Manhattan, launched Olympia Capital Markets Group, an institutional management division; former MF Global analyst John Kilduff formed a commodity hedge fund firm called Round Earth Capital; Paul O’Neil and Steven Marcus, formerly of Omega Advisors, and Michael Edwards, most recently with DE Shaw & Co, formed Northmoore Capital Management in New York.

The WSJ reported that the average hedge fund needed only a 2% gain to reach its value on June 30, 2007, at the height of the last boom; that US hedge fund managers were expected to announce high water marks had been recaptured during Q3 gains; small caps stu......................

To view our full article Click here