Here’s our weekly sum-up of new fund action from the past week, showing continuing action in the distressed sphere, property, and global emerging markets.
Ping Jiang is fund-raising for Ping Capital Management after leaving SAC Capital.
Geoff Grant, a founder of Peloton Partners, will launch LiquidMacro in September in California.
Absolute Return Partners has launched the ARP Credit Opportunities Fund.
The TriAlpha Global Property Strategy Fund is a fund of hedge funds under the Stonehage Group.
The Frontier Market Fund is the first hedge fund of Copenhagen-based Danfonds.
Blacksquare Capital’s Commodity Fund of Funds will invest in 10-15 managers.
Shane Finemore formerly of UBS will launch Manikay Partners in August.
Fred Jones formerly of Bear Stearns has set up the Global Recovery Fund, a distressed debt fund.
Ginger Capital will launch a new China-focused fund from Hong Kong.
The Thoroughbred Legends Racing Fund will be launched by three master horse trainers.
Ahab Capital Management will launch the Ahab Distressed Debt Fund next month in New York.
As the ranks of the hedge fund universe swell with new additions, Hedge Fund Search Digest reports hedge fund job opportunities more comprehensively than any site or recruiter.