Intrepid managers, both veteran and green, continue to launch hedge funds despite uncertain market conditions and a challenging fund-raising environment. Here are hedge fund launches reported during the last two weeks.
Ansbacher Investment Management (New York) will launch a new strategy in equities this quarter.
James Pallotta will leave Tudor Investment Corp. to found his own firm next year.
The GAM Multi-Environmental (UK) is a clean-tech fund-of-funds.
Occam Asset Management (UK) will launch its Europe Focus and Asia Focus funds this Fall.
The Akamai Pan-Asia Fund is from Geomatrix (Hong Kong).
The Asia Plus Partners Class A Fund is from Lionhart.
The Beacon India Alpha Equity Fund has been launched by Baer Capital Partners (UAE).
Nau Capital (UK) has launched its Nau Fund.
Turner Investment Partners (PA) has launched its Core Growth 130/30 Fund.
Cedar Ridge Partners (CT) has launched its Short-Term Cash Fund.
The Tokum Partners Fund has a healthcare focus (NY).
Cohen & Steers (NY) has launched its Global Real Estate Long-Short Funds.
Kurtosis Capital Partners will open its doors in London.
The Astor Place Fund is a long/short fund from Select Equity Group (NY).
Gressel Advisors (AZ) has launched its Universal Carbon Fund with a cleantech focus.
The Gryphon Investment Fund was launched this summer by Fusion Investments (NY).
Brian Harris formerly of Dillon Read will open a new firm, Ladder Capital.
Matrix Alternative Asset Management (UK) has launched the Matrix Asia Fund.
The Hilltop Park Fund (NY) is planned by Stanley Shopkorn, formerly of Moore Capital Management.