Emerging Hedge Fund Managers raising assets

Here are the recent hedge fund launches that should be of interest to industry analysts and hedge fund investors. A number of them have raised more than $100 million in assets under management, which is impressive considering the market environment.

Name / Founders / Assets
Areion Asset Management / Einoshin Arima & Giselle Leung / $120 million

Collard Capital Management / Simon Collard & James Beaton / N/A

OGI Global Global Macro Fund / Hideyuki Fred Omokawa & Allan Bedwick / $100 million

Round Rock Capital Advisors / Tan Maruyama / $16 million +

Goldman Principal Strategies’ Stars are Moving on: Perella Weinberg, Carlyle, PIMCO, KKR, BlackRock?

Since last week’s announcement that Goldman Sachs was shutting down its venerated principal strategies group to comply with the Dodd-Frank act, news has swirled that a number of blue-chip firms are attempting to grab the investment group’s coveted managers and traders. Some of the firms that are reportedly involved include PE shops KKR & Co and Carlyle, asset management giants BlackRock and Pacific Investment Management Co (PIMCO), as well as Perella Weinberg Partners, a growing M&A and hedge fund boutique that was launched by Joe Perella in 2006.
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Stanley Druckenmiller prepares to close down Duquesne Capital Management

Stanley Druckenmiller recently announced his decision to retire as a hedge fund manager and close his Duquesne Capital Management hedge fund, citing his inability to meet his own expectations and the personal toll of working as a fund manager.
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Michael Lau to spin-off Candlewood Investment Group from Credit Suisse

In late September of this year, Credit Suisse Group AG will spin-off two credit hedge funds in response to new regulations that limit the amount of capital that banks may lend hedge funds. According to Bloomberg, the Candlewood Special Situations and Candlewood Credit Value hedge funds will be spun-off as Candlewood Investment Group.

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Top hedge fund firm launches of 2010 YTD raise over $700 million

The first six months of 2010 have seen a number of new firm foundings, fund launches, and spin-offs in the hedge fund world, some led by a new generation of young managers and others headed by industry veterans looking to start anew or reassert their investing prowess. But the figures from this year’s halfway point also mark an adjustment to the norms of hedge fund launches. The most noticeable changes are the dramatic fundraising difficulties facing hedge fund managers worldwide: so far this year, not one new hedge fund firm has launched with close to $500 million in assets under management, not to mention anything comparable to the $1 billion raised by Roc Capital Management and its founder Arvind Raghunathan or the $800 million Tony Chedraoui raised for the Tyrus Capital LLP launch last year.

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John Paulson’s hedge fund loses 6.9% in June

Paulson & Co.’s Advantage Plus hedge fund logged a 6.9% loss for the month of June, bringing its YTD performance down to -8.8%.
http://www.hedgetracker.com/paulson.php

Aswath Damodaran discusses US financial overhaul

Industry expert and top NYU Stern professor discusses the financial overhaul that Obama is expected to sign into law in the next few days. Not surprising, Damodaran is not very confident in the bill. http://www.hedgetracker.com/article/Damodaran-discusses-the-US-financial-overhaul