New Hedge fund Launches - IPOfn New Issues Fund
Firm:
IPOfn Capital Management
Fund:
IPOfn New Issues Fund
Strategy:
Long/Short Equity
Manager:
David Menlow, Fund Manager
Location:
Millburn, NJ
Launch Date:
06/2010
Description:
The IPOfn New Issues Fund is a long/short equity hedge fund focusing on inital public
offerings and existing IPO issuings.
Hedge Fund Information, Hedge Fund Performance, Hedge Fund Lists, Hedge Fund Jobs, Hedge Fund Returns,regulation of Hedge Funds Hedge Fund Performance, and Fund of Funds, and Fund of Hedge Funds
6.07.2010
Martello Equity Index Program - 2010 Hedge Fund Launches
New Hedge Fund Launches - Martello Equity Index Program
Firm:
Astor Capital
Fund:
Martello Equity Index Program
Strategy:
Managed Futures
Location:
Chicago, IL
Launch Date:
05/2010
Description:
The Martello Equity Index Program utilizes technical analysis in the trading of US
equity futures.
Firm:
Astor Capital
Fund:
Martello Equity Index Program
Strategy:
Managed Futures
Location:
Chicago, IL
Launch Date:
05/2010
Description:
The Martello Equity Index Program utilizes technical analysis in the trading of US
equity futures.
6.05.2010
Select Forex Fund - 2010 Hedge Fund Launches
New Hedge Fund Launches - Select Forex Fund
Firm:
Faulkner Capital
Fund:
Select Forex Fund
Strategy:
Managed Futures
Manager:
John Ryan Faulkner, President
Location:
Charlottesville, VA
Launch Date:
01/2010
Description:
Faulkner Select Forex Fund invests in G10 and Emerging Market currency pairs.
Firm:
Faulkner Capital
Fund:
Select Forex Fund
Strategy:
Managed Futures
Manager:
John Ryan Faulkner, President
Location:
Charlottesville, VA
Launch Date:
01/2010
Description:
Faulkner Select Forex Fund invests in G10 and Emerging Market currency pairs.
6.04.2010
JBCM Fund Limited - 2010 Hedge Fund Launches
New Hedge Fund Launches - JBCM Fund Limited
Firm:
JB Capital Management
Fund:
JBCM Fund Limited
Strategy:
Multi-Strategy
Manager:
Jan Bruun, Fund Manager
Location:
The Netherlands
Launch Date:
04/2010
Description:
The JBCM Fund is a Euro-denominated multi-strategy hedge fund attempting to have low
market correlation and nimble decision making.
Firm:
JB Capital Management
Fund:
JBCM Fund Limited
Strategy:
Multi-Strategy
Manager:
Jan Bruun, Fund Manager
Location:
The Netherlands
Launch Date:
04/2010
Description:
The JBCM Fund is a Euro-denominated multi-strategy hedge fund attempting to have low
market correlation and nimble decision making.
6.03.2010
AlphaSquare Sub Fund - 2010 Hedge Fund Launches
New Hedge Fund Launches - AlphaSquare Sub Fund
Firm:
Finaltis
Fund:
AlphaSquare Sub Fund
Strategy:
Statistical Arbitrage
Manager:
Remy Croisille, Fund Manager
Location:
Paris, France
Launch Date:
04/2010
Assets:
$350 million (firm total)
Description:
The Alphasuare Sub Fund relies on equity arbitrage developed by Finaltis. The fund
selects from a universe of 600 equities and attempts to eliminate directional risk.
Firm:
Finaltis
Fund:
AlphaSquare Sub Fund
Strategy:
Statistical Arbitrage
Manager:
Remy Croisille, Fund Manager
Location:
Paris, France
Launch Date:
04/2010
Assets:
$350 million (firm total)
Description:
The Alphasuare Sub Fund relies on equity arbitrage developed by Finaltis. The fund
selects from a universe of 600 equities and attempts to eliminate directional risk.
Economic Time Bond Fund - 2010 Hedge Fund Launches
New Hedge Fund Launches - Economic Time Bond Fund
Firm:
Commercial Economics Asia
Fund:
Economic Time Bond Fund
Strategy:
Fixed Income Arbitrage
Manager:
Dr. Enzio von Pfeil, Founder
Location:
Hong Kong
Launch Date:
06/2010
Assets:
$150 million (expected)
Description:
The Economic Time Bond Fund is a long/short fixed income hedge fund managed in Hong
Kong. The fund has a global focus and will mainly consist of USD denominated assets.
Firm:
Commercial Economics Asia
Fund:
Economic Time Bond Fund
Strategy:
Fixed Income Arbitrage
Manager:
Dr. Enzio von Pfeil, Founder
Location:
Hong Kong
Launch Date:
06/2010
Assets:
$150 million (expected)
Description:
The Economic Time Bond Fund is a long/short fixed income hedge fund managed in Hong
Kong. The fund has a global focus and will mainly consist of USD denominated assets.
6.02.2010
Cirrus Capital Management LLC - 2010 Hedge Fund Launches
New Hedge Fund Launches - Cirrus Capital Management LLC
Firm:
Cirrus Capital Management
Fund:
Cirrus Capital Management LLC
Strategy:
Managed Futures, Energy
Manager:
Randall Posejpal, Portfolio Manager
Location:
Houston, TX
Launch Date:
01/2010
Assets:
$250 million (expected)
Description:
Cirrus Capital Management focuses their understanding of energy markets and energy
infrastructure, combined with technical analysis, to identify investment opportunities.
Firm:
Cirrus Capital Management
Fund:
Cirrus Capital Management LLC
Strategy:
Managed Futures, Energy
Manager:
Randall Posejpal, Portfolio Manager
Location:
Houston, TX
Launch Date:
01/2010
Assets:
$250 million (expected)
Description:
Cirrus Capital Management focuses their understanding of energy markets and energy
infrastructure, combined with technical analysis, to identify investment opportunities.
ISAM Systematic - 2010 Hedge Fund Launches
New Hedge Fund Launches - ISAM Systematic
Firm:
International Standard Asset Management
Fund:
ISAM Systematic
Strategy:
Managed Futures
Manager:
Larry Hite, Fund Manager
Location:
London, UK
Launch Date:
05/2010
Description:
The ISAM Systematic fund uses a combination of trend following and other qualitative
investment techniques for the currency and and futures markets. The system operates
24hrs a day with pre-defined stop-loss orders in place.
Firm:
International Standard Asset Management
Fund:
ISAM Systematic
Strategy:
Managed Futures
Manager:
Larry Hite, Fund Manager
Location:
London, UK
Launch Date:
05/2010
Description:
The ISAM Systematic fund uses a combination of trend following and other qualitative
investment techniques for the currency and and futures markets. The system operates
24hrs a day with pre-defined stop-loss orders in place.
ISAM Systematic - 2010 Hedge Fund Launches
New Hedge Fund Launches - ISAM Systematic
Firm:
International Standard Asset Management
Fund:
ISAM Systematic
Strategy:
Managed Futures
Manager:
Larry Hite, Fund Manager
Location:
London, UK
Launch Date:
05/2010
Description:
The ISAM Systematic fund uses a combination of trend following and other qualitative
investment techniques for the currency and and futures markets. The system operates
24hrs a day with pre-defined stop-loss orders in place.
Firm:
International Standard Asset Management
Fund:
ISAM Systematic
Strategy:
Managed Futures
Manager:
Larry Hite, Fund Manager
Location:
London, UK
Launch Date:
05/2010
Description:
The ISAM Systematic fund uses a combination of trend following and other qualitative
investment techniques for the currency and and futures markets. The system operates
24hrs a day with pre-defined stop-loss orders in place.
6.01.2010
IPM Commodity Fund - 2010 Hedge Fund Launches
New Hedge Fund Launches - IPM Commodity Fund
Firm:
Informed Portfolio Management
Fund:
IPM Commodity Fund
Strategy:
Commodities
Manager:
Alex Gioulekas, Head of Research
Location:
Stockholm, Sweden
Launch Date:
06/2010
Assets:
$8050 millions (firm assets)
Description:
The IPM Commodity Fund attempts to exploit a number of risk-reward opportunities
includng trading carry across commodities, monitoring supply and demand changes, and
studying impact of weather on commodities.
Firm:
Informed Portfolio Management
Fund:
IPM Commodity Fund
Strategy:
Commodities
Manager:
Alex Gioulekas, Head of Research
Location:
Stockholm, Sweden
Launch Date:
06/2010
Assets:
$8050 millions (firm assets)
Description:
The IPM Commodity Fund attempts to exploit a number of risk-reward opportunities
includng trading carry across commodities, monitoring supply and demand changes, and
studying impact of weather on commodities.
5.30.2010
New Way to Prevent Hedge Fund Redemptions
Over the years hedge funds have come up with various redemption policies. Most allow quarterly redemptions of some sort, but some funds, especially those taking positions in hard to price illiquid securities, prevent redemptions for two years or more. One of those funds, Polygon Investment Partners in London, has a novel way to satisfy investors that are demanding liquidity - allow them to redeem their investments at a 25% discount to NAV. The hedge fund in question, Polygon's $3.7 billion Global Opportunities fund, lost 48% in 2008 and would otherwise not allow redemptions until 2012.
With regard to Polygon's offer of redemptions at a 25% discount, Founder Paddy Dear said “We are pleased to have been able to offer this opportunity to those of our investors that had an immediate need for some liquidity."
Polygon Investment Partners has $5.3 billion in Assets Under Management (AUM).
With regard to Polygon's offer of redemptions at a 25% discount, Founder Paddy Dear said “We are pleased to have been able to offer this opportunity to those of our investors that had an immediate need for some liquidity."
Polygon Investment Partners has $5.3 billion in Assets Under Management (AUM).
5.28.2010
Hedge Fund Inflows to Asia to Increase
According to Barclays Plc, inflows to Asia-based hedge fund managers may increase by $8 billion this year. Many hedge fund managers believe the best growth opportunities still exist in Asia. The threat of a
dded regulation in the US and EU may give hedge fund managers in Asia an additional advantage over their western counterparts.
Overall, assets under management in Asia-Focused funds are expected to increase to $71 billion by the end of the year. Only a third of that amount would be managed by hedge funds based in Asian countries.
Most hedge funds in Asia are located in Singapore, Hong Kong, China, and Japan.
dded regulation in the US and EU may give hedge fund managers in Asia an additional advantage over their western counterparts.Overall, assets under management in Asia-Focused funds are expected to increase to $71 billion by the end of the year. Only a third of that amount would be managed by hedge funds based in Asian countries.
Most hedge funds in Asia are located in Singapore, Hong Kong, China, and Japan.
5.27.2010
Hedge Fund Manager Rips Education Stocks
Steve Eisman, the hedge fund manager made famous by his starring role in Michael Lewis' The Big Short, is criticizing for-profit education companies. Eisman was probably the biggest winner from the subprime mortgage crisis. Eisman had bet billions on the fall of subprime mortgages - what he saw as a unsustainable industry taking advantage of its customers.
Now Eisman is lashing out against the stocks of for-profit schools saying, "Until recently, I thought that there would never again be an opportunity to be involved with an industry as socially destructive and morally bankrupt as the subprime mortgage industry. I was wrong. The for-profit education industry has proven equal to the task."
Stocks of education companies like Corinthian Colleges Inc and Education Management Corp were off on the announcement.
Now Eisman is lashing out against the stocks of for-profit schools saying, "Until recently, I thought that there would never again be an opportunity to be involved with an industry as socially destructive and morally bankrupt as the subprime mortgage industry. I was wrong. The for-profit education industry has proven equal to the task."
Stocks of education companies like Corinthian Colleges Inc and Education Management Corp were off on the announcement.
5.12.2010
US Proposal to Regulate Private Equity and VC, Not Just Hedge Funds
Senator Jack Reed (D) is proposing an amendment targeting virtually all private investment pools to a proposed Wall Street reform bill. While the current senate bill would require hedge funds with assets under management in excess of $100 million to register and report to the SEC, it doesn't cover Private Equity and Venture Capital, nor funds with less than $100 million AUM. Senator Reed's amendment would target all pooled investment vehicles, including PE and VC funds, with lighter restrictions on smaller funds on $100 million.
According to Reed, "The financial crisis is a stark reminder that transparency and disclosure are essential in today’s marketplace. Improving oversight of hedge funds and other private funds is vital to their sustainability and to our economy’s stability."
It remains to be seen how effective US hedge fund regulation will be at preventing systemic risks. Insiders widely believe $100 million hedge funds may pose a risk to their investors and some counter parties, but do not threaten the entire system like some multi-billion dollar funds.
5.11.2010
EU Delays Vote on Offshore Hedge Fund Rules
On Monday, European Lawmakers chose to delay voting on new hedge fund rules that would prevent investors from investing with offshore hedge funds in tax havens. The vote will now be held May 17, 2010
Last year, The Group of 20 Nations developed the Alternative Investment Fund Managers Directive which forces hedge funds outside of the EU to comply with certain guidelines before gaining access to European investors.
According to Clifford Chance LLP's Simon Gleeson, the new rules could force hedge funds out of the UK and "to the U.S., although some to Switzerland and a few to real offshore centers."
Last year, The Group of 20 Nations developed the Alternative Investment Fund Managers Directive which forces hedge funds outside of the EU to comply with certain guidelines before gaining access to European investors.
According to Clifford Chance LLP's Simon Gleeson, the new rules could force hedge funds out of the UK and "to the U.S., although some to Switzerland and a few to real offshore centers."
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