Maiden launches announced in December 2011
At Opalesque, we heard of the following maiden launches during
December 2011:
Alex Denner, who has a Ph.D. in biomedical engineering, split
from activist investor Carl Icahn to start his own hedge fund;
Eashwar Krishnan, a former analyst at hedge fund Lone Pine, and
Tanvir Ghani, former head of capital introduction for Asia-Pacific
at Goldman Sachs, are setting up an Asia-focused hedge fund
in Hong Kong to be launched around April; and more than 10
"Korean-style" hedge funds were expected to make their historic
debut on Dec. 23, according to the Financial Services Commission
and the Korea Financial Investment Association.
Robertson: the industry is tougher because there
are more hedge funds being created
Julian Robertson, one of the few elders of the hedge fund industry,
and the founder of the now defunct U.S. investment firm Tiger
Management, told CNBC in December 2011 that the hedge fund
business was getting tougher every day because there are more
hedge funds being created.
"And the reason for that is, it's the best way to pay these
very competent guys on Wall Street," he explained. "So they
matriculate into hedge funds. I think hedge funds would prefer to
compete against the banks or mutual funds or individual brokers
than they would against other hedge funds."
He believes it's a tough business now and it's going to get tougher,
but: "The industry has a ......................
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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
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