From the monthly archives:

May 2008

A slow week for new funds making headlines.

The Redtower Global Macro Fund will be invested up to 80% in emerging market currencies
The SAGA / Ginepri Alpha Fund will invest in independent films
The Koshdan Beta Neutral Fund, founded by traders from Bridgewater Associates, will launch in the third quarter
The YouGov Alpha Fund will be managed by Four Capital and use opinion poll data from YouGov to inform its investments

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An exclusive Hedge Fund Job brought to you by Job Search Digest.

Successful and rapidly growing boutique hedge fund manager is looking for talented traders to assist in the execution of trades in various energy, environmental and emissions markets. Requires finance / engineering / mathematics oriented education with extremely high GPA, deep Excel/VBA skills, and experience in statistical trading or similar endeavors.

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We watch for new hedge funds, including fund-of-funds, each week.

V-Pro by Quaesta Capital of Switzerland is a L/S foreign exchange volatility fund that will start trading at the end of the month
The India Dynamic Fund is a multi-strategy fund run by Kotak Mahindra Bank in India
John McPherson formerly of Société Générale will launch the energy-focused Homestake Trading Fund under Sequoia Financial Advisory Services in Portland, OR
Veriton Fund Management in Connecticut will be the new firm of Amaranth founder Nicholas Maounis
The UK-based Ebullio Commodity Fund launched this month, and the Ebullio Power & Emissions Fund will launch next quarter
Aaron Nieman will run a new event-driven strategy at Blackstone Altius Advisors in Hong Kong
The Dislocation Fund of Morgan Creek Capital Management is targeted as a $500 million distressed fund-of-funds
Pensato Capital is run by Graham Clapp formerly of Fidelity Investments and will launch a Europe-focused L/S equity fund
Former employees of Shooter Fund Management have founded Dacharan Capital to invest in currencies
Former employees of Iron Mountain Capital Partners will launch the Veritas Global Alpha Fund, a fund-of-funds
Mark Fuchs formerly of Credit Suisse will start a regionally-focused hedge fund in Singapore
The Bohong China Arbitrage Fund in Shanghai and Hong Kong will trade various asset classes
The Yield Curve Opportunities Fund is sponsored by Magnum Global Investments
The Emerging World Fund of Focus Capital opened this week

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This Week in Hedge Funds

May 9, 2008

This week’s roster of new firms with fund-raising completed, underway, or soon to begin.
Emergent Asset Management will launch its Global FX Fund and Geo Macro Fund this summer.
The Sasco Energy Fund, founded by Todd Esse (co-founder of Sempra Energy Trading), will trade in natural gas.
R3 Capital Partners, header by Rick Rieder of [...]

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2008 Hedge Fund Compensation Report Coming Soon

May 7, 2008

Last year’s Hedge Fund Compensation Report by Hedge Fund Search Digest was based on hundreds of responses to the 2007 Survey, representing small and large firms including startup shops and the biggest banks. With turmoil in the markets and the employment picture rapidly evolving, the 2008 Report will be a must-read.
The 2008 Survey will [...]

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2008 Job Forecast, Part II: Hedge Fund Industry

May 6, 2008

We followed up directly with finance recruiter Kathy Graham about her 2008 Financial Services Career Forecast (about which we posted a few days ago) to hear more about where hedge fund employment will head this year. Her are some of her thoughts.
How can someone evaluate job security in an uncertain environment? Can you [...]

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Hedge Fund Jobs Interview Question: The Growing Lily Pad

May 5, 2008

Hedge fund job interviews can take many directions. One thing is for sure, your logic and quantitative abilities will be tested. Here is a common question that asks the candidate to dip their toe in the water – so to speak.
Q: You start with a single lily pad floating in an empty pond. If that [...]

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