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In the past few months, several new hedge funds have launched, introducing innovative strategies and adding fresh competition to the global investment industry. These funds, led by experienced industry professionals, are targeting diverse markets and asset classes, from equities to digital assets. Below is an overview of these recent launches that are likely to shape the hedge fund industry in the coming months.
Bowmoor Capital's Global Alpha US Fund
Bowmoor Capital recently launched the Global Alpha US Fund in early Q3. With an initial seed capital of $10 million, the firm has ambitious plans to scale the fund's assets to $50 million by the end of 2024. The fund is managed by Chief Investment Officer Gareth Abbot, under the leadership of CEO Richard Liddle. The fund aims to deliver strong returns by leveraging a dynamic investment strategy focused on the U.S. market.
Capella Capital's Asia-Focused Long/Short Equity Fund
Ran Ma, a former investment analyst at Oxbow Capital Management, is on the brink of launching a new hedge fund through his recently established firm, Capella Capital. This Asia-focused long/short equity hedge fund is expected to debut either late this year or early next year. Ran Ma aims to capitalize on his deep expertise in Asian markets to deliver superior risk-adjusted returns.
EvarInvest Asset Management's Ucits Fund
Paris-based EvarInvest Asset Management, led by Selma Sekkat, is set to launch a Ucits fund later this year. Targeting up to $100 million in assets, the fund will deploy a CTA (Commodity Trading Advisor) strategy across liquid equities, rates, and foreign exchange markets. The fund will be managed by Cesari, who joined EvarInvest in 2021, bringing a wealth of experience to the firm. This launch signals EvarInvest's growing influence in the European hedge fund space.
Galaxy Asset Management's Digital Assets Hedge Fund
Galaxy Asset Management, under the leadership of Michael Novogratz, is introducing a long/short digital assets hedge fund. Managed by Chris Rhine, head of liquid active strategies, the fund will launch with approximately $50 million. The fund seeks to offer investors exposure to the volatile cryptocurrency markets while minimizing risk through a diversified portfolio that includes tokens, crypto-related equities, ETFs, fixed income, trusts, options, and futures. This move positions Galaxy Asset Management at the forefront of the evolving digital assets investment landscape.
Luxence Capital's Japan-Focused Hedge Fund
In a notable collaboration, Yoshi Ohira, co-CIO of Luxence Capital, is teaming up with former COO Xavier Fanjaud to launch a Japan-focused hedge fund. The new firm, based in Hong Kong and currently unnamed, is set to debut in Q4. The fund will employ an equity long/short strategy targeting Japanese markets, leveraging the duo's extensive experience in Asia’s financial markets.
Naya Capital's Event-Driven Fund on the Tavira Platform
Frank Dejonckheere, formerly a portfolio manager at Millennium, is launching his own fund on the Tavira platform next month. This new fund will focus on an event-driven strategy, with a particular emphasis on IPOs, secondaries, and equity capital markets. Dejonckheere's move highlights the continued appeal of event-driven strategies in generating alpha in today’s markets.
Arrowpoint Investment Partners: A Major New Player in Asia
Arrowpoint Investment Partners is making a significant entry into Asia’s hedge fund market in 2024. Backed by prominent investors such as CPPIB, Temasek, and Blackstone, the fund, founded by former Millennium star Jonathan Xiong, begins trading in July. With $1 billion raised and a team of over 15 portfolio managers in Hong Kong, Arrowpoint is poised to challenge established firms like Polymer Capital and Dymon Asia. Its multi-manager, multi-strategy approach is attracting investors who seek lower volatility and diversified risk in uncertain times, signaling a shift in investor preferences in the region.
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