New Hedge Funds from Last Week

We compile this list of hedge fund launches from publications in the USA, Europe, Asia and the Middle East. When we mention a firm without also noting its location, the reason is often that the firm is based out of multiple major cities internationally. Although significant in a firm’s development, we don’t currently report the opening of new offices — only new funds. However, from the perspective of hedge fund jobs, new offices of an established firm are definitely important. Firms from the world’s hedge fund capitals, New York (“Big Apple Biggest Home To Hedge Funds“) and London (“London keeps European dominance as hedge fund assets rise 30 per cent“), are increasingly pushing toward Asia and the Middle East, while in developing markets a larger and larger number of local funds are sprouting up (“Asian Hedge Funds Top U.S., Europe Offerings In ‘07“).

Matthew Kratter, veteran of Clarium Capital, has launched a L/S equity hedge fund.
A new 130/30 fund is from Advent Capital Management (NY).
Covepoint Capital’s Emerging Markets Macro Fund has been spun off from Bear Stearns Asset Management.
The Real Return Alternative Strategies Fund is a multi-strategy fund from Veritas Asset Management (UK).
The Argo MS fund-of-funds of Argo Group, a spin off of Absolute Capital Management, invests in its own funds.
Millennium Finance (UAE) and Man Group (UK) will jointly launch a Shariah-compliant hedge fund.
The SquareInvest Distressed Opportunity Fund is a fund-of-funds from Union Bancaire Privée, investing in hedge and private equity funds.
AlphaNorth Asset Management (Toronto) may launch a new mid-cap fund.
The Meadowbrook Beta Neutral Fund of Meadowbrook Capital Management (NYC and Chicago) invests in healthcare technology.
The Clean Energy Asset-Based Lending Fund from Aurarian Capital will launch this fall.
Larson/Kelleher Capital Management (MA) has been founded by veterans of Sowood Capital Management.

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