Assets: Clearfield, Guard, total hedge fund assets

Clearfield Capital Management, a new hedge fund which received a personal investment from billionaire investor William Ackman, began its investment operations this month with roughly $500 million, according to Reuters. Founded by former Kingdon Capital executive Philip Hilal, New York-based Clearfield focuses on long/short equity and event-driven investments.

Guard Capital, a macro hedge fund, will stop taking money from new investors from July 1 after a more than ten-fold increase in assets since its launch last August, Reuters reported.The Hong-Kong based hedge fund, launched by Leland Lim, the former co-head of macro trading for Asia Pacific ex-Japan at Goldman, and Allan Bedwick, who was the head of macro trading in Asia for Noble Group, focuses on major economic trends and bets on currency and interest rate markets. Its assets have risen close to $500 million, up from less than $50 million in August.

Total hedge fund assets increased to $2.94 trillion, an increase of $95 billion, led by Equity Hedge and Event Driven strategies, reportedHFR. Investors allocated $18.2 billion in net new capital to hedge funds in 1Q15, the largest inflow since 2Q14. "The powerful hedge fund performance trends which emerged in late 2014 accelerated through 2015, with quantitative, trend following CTAs posting uncorrela......................

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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.