Launch activity has remained strong in 2012 with more than 150 funds launched worldwide as at the end of April 2012, data provider Eurekahedge said.

We recently heard of the following ex-hedge funders striking out on their own:

1. Kelvin Woo and Joe Zhang are leaving GLG Partners Inc., the Londonbased hedge fund bought by Man Group Plc in 2010, to set up their own Asia-focused macro hedge fund.

2. Steve Pei, a former executive at $17.4bn Canyon Capital Advisors, secured a $25m seed deal from Q Investments to launch a multi strategy hedge fund firm, Gratia Capital, in Los Angeles.

3. As the Centaurus Energy Master Fund is unwinding positions and returning money to investors, former Trader Bill Perkins may be starting an energy focused fund specializing in trading natural gas, called Skylar Capital Management: the launch would be on July 1 in Houston.

4. Three experienced hedge fund executives who used to work at Eos and Alden Capital launched a new hedge fund firm that will focus on investing in global credit opportunities, with an emphasis on Europe: Eli Combs, Matt Meehan and Jim Plohg formed MeehanCombs LP. Global placement agent Park Hill Group later said they would repr......................

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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.