New Managers June 2018

LAUNCHES: Hedge fund launches exceed liquidations for third, consecutive quarter

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Singapore-based UOB Asset Management (UOBAM) has launched a new fund targeted at retail investors in the city state seeking to diversify into alternative investments such as private equity and hedge funds. The new United Asia Pacific Diversified Strategies Fund (United Asia Pacific DSF) is the company's first fund that offers retail investors access to an asset class typically held by institutional investors.

Algebris Investments, which oversees €12.3 billion ($14.5 billion) in assets, thinks global economies and financial systems have become increasingly fragile in recent years. As a result, it believes that clients need a way to protect against a panic: A fund that's designed to profit from a market meltdown. The money manager's so-called tail-risk fund started trading June 1 and is managed by Alberto Gallo, the hedge fund's head of macro strategies.

Amid arranging his prom date, lacrosse practice and getting homework done, teenager Cole Mattox launched a hedge fund out of his bedroom in suburban Montclair, New Jersey. Mattox founded North Tabor Capital in March 2017 when he was 17 years old. Now, Mattox is 18, graduating from Seton Hall Preparatory School and headed to University of Pennsylvania's Wharton School of Business undergraduate program in the fall.

The world's first tokenized hedge fund has launched on the , Stellar Network blockchain after raising US$1.7million in investments during its presale. The token is Apis (APIS), managed by Apis Capital Management (ACM)......................

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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.