Latest Launches
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This Year's Activity
| Fund | Portfolio managers, Management company | Strategy | Service providers | Launch | Equity at Launch (Mil.) |
Hedge |
|---|---|---|---|---|---|---|
| Ebullio Commodity Fund Domicile: U.S. and Cayman Islands (See article) |
Lars Steffensen Ebullio Capital Management, Southend-on-Sea, England 44-207-193-8087 |
Fundamental and technical trading of commodities, futures and options | Prime broker: MAREX Financial Law firm: Walkers Auditor: Kinetic Partners Administrator: GlobeOp |
May 2 | $4 | 05/07/08 |
| Ellington Credit Opportunities Domicile: U.S. and Cayman Islands (See article) |
Michael Vranos Ellington Management Old Greenwich, Conn. 203-698-1200 |
Asset-backed securities | Law firm: Proskauer Rose Auditor: PricewaterhouseCoopers Administrator: Olympia Capital |
April 3 | 05/07/08 | |
| FrontPoint Strategic Credit Fund Domicile: U.S. and Cayman Islands (See article) |
Marc Rosenthal, Noelle Savarese and Steve
Eisman FrontPoint Partners, Greenwich, Conn. 203-622-5200 |
Residential mortgage securities and asset-backed securities | Prime broker: Lehman Brothers Law firm: Davis Polk Auditor: Ernst & Young Administrator: Citco |
April 1 | $81 | 05/07/08 |
| Sherpa Diversified Returns Fund Domicile: Canada |
David Guarasci Sherpa Asset Management, Vancouver, Canada 604-926-7739 |
North American equities and options | Prime broker: RBC Law firm: McCollough O’Connor Auditor: Cookson Walker Administrator: Commonwealth Fund Services |
June 1 | $20-40 | 05/07/08 |
| Veda Multi-Strategy India Fund Domicile: U.S. and Cayman Islands |
Bradford Matthews Veda Asset Management, New York 516-695-0485 |
Fund of funds | Law firm: Sadis & Goldberg Offshore: Maples & Calder Auditor: Rothstein Kass Administrator: Stone Coast |
June 1 | $10 | 05/07/08 |
| Kellport Credit Fund Domicile: U.S. and Cayman Islands (See article) |
Jeff Porter and Craig Kelleher Kellport Capital, Boston 617-262-2700 |
Debt: global investment-grade and high-yield | Prime brokers: Morgan Stanley, Barclays Law firm: Ropes & Gray Auditor: PricewaterhouseCoopers Administrator: GlobeOp |
04/30/08 | ||
| Hayground Cove Acquisition Strategies
Fund Domicile: U.S. and Cayman Islands (See article) |
Scott LaPorta Hayground Cove Asset Management, New York 415-293-8150 |
Special purpose acquisition companies
|
Prime broker: Goldman Sachs Law firm: Proskauer Rose Auditor: Deloitte Administrator: DB HedgeWorks |
May 1 | $125 | 04/30/08 |
| S2 Capital Fund Domicile: U.S. and Cayman Islands (See article) |
Seth Buchalter and Steve Fortuna S2 Capital, New York 917-589-2671 |
Equity: energy and technology | Prime broker: Goldman Sachs Law firm: WilmerHale Auditor: Rothstein Kass Administrator: Goldman Sachs |
June 1 | $100+ | 04/30/08 |
| SPM Directional Mortgage Prepay Fund
Domicile: U.S. & Cayman Islands |
William Mok Structured Portfolio Management, Stamford, Conn. 203-351-2870 |
Mortgage-backed securities | Law firm: K&L Gates Auditor: Grant Thornton Administrator: SS&C Technologies |
March | $100 | 04/23/08 |
| Haroun Capital Partners Domicile: U.S. and British Virgin Islands (See article) |
Chris Haroun Haroun Capital, San Francisco 415-861-5834 |
Long/short equity: cyclical and technology | Prime broker: BTIG Law firm: Securities Law Auditor: Harb Levy Administrator: Price Meadows |
June | 04/16/08 | |
| Distressed Bank Debt Fund Domicile: U.S. and British Virgin Islands (See article) |
Bob Conrads Colchis Capital, San Francisco 203-542-7251 |
Distressed senior bank debt | Law firm: Securities Law Administrator: Transcontinental |
June | $25+ | 04/16/08 |
| Distressed RMBS Fund Domicile: U.S. and British Virgin Islands (See article) |
Bob Conrads Colchis Capital, San Francisco 203-542-7251 |
Distressed mortgage-backed securities |
Law firm: Securities Law Administrator: Transcontinental |
June | $25+ | 04/16/08 |
| Royalty Interest Fund Domicile: U.S. and British Virgin Islands (See article) |
Bob Conrads Colchis Capital, San Francisco 203-542-7251 |
Drug/biotechnology royalties | Law firm: Securities Law Administrator: Transcontinental |
June | $45+ | 04/16/08 |
| Knighthead Domestic Knighthead Offshore Domicile: U.S. and Cayman Islands |
Ara Cohen and Tom Wagner Knighthead Capital, New York 212-356-2900 |
Distressed credit products and event-driven equity | Prime broker: Goldman Sachs Law firm: Seward & Kissel Auditor: Ernst & Young Administrator: Citadel Solutions |
May 1 | 04/16/08 | |
| Stafford Equity Market Neutral Fund Domicile: U.S. and Cayman Islands (See article) |
Tom Bonenberger Stafford Asset Management, Chicago 312-957-8005 |
Market-neutral equity: quantitative | Prime broker: Goldman Sachs Law firm: Drinker Biddle Auditor: McGladrey & Pullen |
May 1 | $50+ | 04/09/08 |
| Reveille Capital Fund Domicile: U.S. and Cayman Islands (See article) |
Dahlia Loeb Reveille Capital, New York 212-450-8000 |
Long/short equity: consumer and retail | Prime broker: Morgan Stanley Law firm: Kleinberg Kaplan Auditor: Rothstein Kass Administrator: Morgan Stanley |
Feb. 1 | $165 | 04/02/08 |
| Threadneedle Asia Crescendo Fund Domicile: Cayman Islands |
Jan De Bruijn Threadneedle, London 44-207-464-5255 |
Long/short equity: Asia, except for Japan | Prime broker: Citigroup Law firms: Maples & Calder, Eversheds Auditor: PricewaterhouseCoopers Administrator: J.P. Morgan |
March 3 | $25 | 03/26/08 |
| Ardana Healthcare Fund | Sergio Traversa Ardana Capital, New York 646-840-5464 |
Healthcare stocks | Prime broker: Goldman Sachs Law firm: Seward & Kissel Auditor: Rothstein Kass Administrator: Concept Capital |
Jan. 1 | 03/26/08 | |
| Eddington Equity Opportunities Fund Domicile: Cayman Islands |
Richard Sharman Eddington Capital, London 44-207-802-8480 |
Fund of funds: equity | Law firm: Allen & Overy Auditor: Deloitte & Touche Administrator: Custom House |
May 1 | 03/19/08 | |
| Bedrock Dimension Fund Domicile: Cayman Islands |
Gregoire Haenni and Daniel Penseyres Bedrock Advisors, Geneva 41-22-592-5400 |
Fund of funds: multi-asset class | Law firm: Maples & Calder Auditor: Ernst & Young Administrator: Citco |
March 3 | $36 | 03/12/08 |
| Radcliffe Volatility Fund Domicile: U.S. and Cayman Islands |
Steve Katznelson Radcliffe Group, Philadelphia 610-617-5900 |
Volatility arbitrage | Prime brokers: Morgan Stanley, Deutsche
Bank, Citigroup and Merrill Lynch Law firm: Seward & Kissel Auditor: McGladrey & Pullen Administrator: SEI |
April 1 | 03/12/08 | |
| Accelerator Capital Fund Domicile: Cayman Islands |
Peter Rizakos Accelerator Capital, Toronto 416-847-3987 |
Fund of funds: multi-strategy, new funds, mostly Canadian | Law firm: Walkers Auditor: PricewaterhouseCoopers Administrator: Admiral |
Jan. 31 | $150 | 03/05/08 |
| Hildene Opportunities Fund Domicile: Cayman Islands |
Brett Jefferson Hildene Capital, New York 212-687-8743 |
Opportunistic: structured products | Law firm: Herrick Feinstein Auditor: Rothstein Kass Administrator: AIS |
2Q-08 | 03/05/08 | |
| SDI |
Samir Noriega SDI, New York 631-431-2255 |
Distressed MBS | March | $20 | 03/05/08 | |
| Paragon Capital Opportunities Fund Domicile: British Virgin Islands |
Alan Donenfeld and Kevin Pollack Paragon Capital Advisors, New York 212-593-1600 |
Secured debt: PIPEs, reverse mergers and bridge loans | Prime broker: Penson Financial Law firm: Seward & Kissel Auditor: Eisner Administrator: SS&C |
April 1 | $5 | 03/05/08 |
| Guidance Black Terrain Fund U.S. and Cayman Islands (See article) |
Brian Ziv Guidance Capital, Wilmington, Del. 302-573-5000 |
Fund of funds: aggressive | Law firm: McGuire Woods Auditor: Ernst & Young Administrator: NAV Securities |
Feb. 1
|
$11
|
02/27/08 |
| Brevan Howard India Opportunities Master
Fund (See article) |
Vilas Gadkari and Rommie Bhutani Brevan Howard Asset Management, London 44-207-022-6250 |
India special situations | 02/20/08 | |||
| Forward Capital Fund Domicile: Denmark and Cayman Islands (See article) |
Lars Krogsgaard Forward Capital, Copenhagen 45-2-844-9171 |
Activist: Scandinavia | Feb. | 02/20/08 | ||
| Cambridge Strategy Asia Alpha Fund Domicile: U.S. and Cayman Islands |
Russell Thompson, Peter Henricks and Edward
Baker Cambridge Strategy Asset Management, London 44-207-290-3452 |
Asia currencies | Feb. 1 | 02/13/08 | ||
| Vertus Sustineo Fund Domicile: U.S. and Cayman Islands (See article) |
Joseph Di Virgilio Vertus Capital, New York 646-840-4919 |
Long/short equity: alternative energy and natural resources | Prime broker: Goldman Sachs Law firms: Tannenbaum Helpern, Walkers Auditor: Anchin Block Administrator: Concept Capital |
March 1 | $20-25 | 02/13/08 |
| Tudor Global Emerging Markets Portfolio Domicile: U.S & Cayman Islands (See article) |
Allan Chu, James Harpel and Ashwin Ranganathan
Tudor Investment, Greenwich, Conn. 203-863-8612 |
Emerging markets | Prime broker: Morgan Stanley, UBS Law firms: Simmons & Simmons, Maples & Calder and Willkie Farr Auditor: Ernst & Young Administrator: Citco Fund Services |
June 1 | 02/06/08 | |
| Warren Fund Domicile: U.S. & Cayman |
Ernest Craumer, James Kiernan and William
Raffaele Warren Capital Advisors, Riverside, Conn. 203-637-6334 |
Asset-based lending | Law firms: Lowenstein Sandler, Mourant and
McMillan Binch Auditor: Marcum & Kliegman Administrator: Fulcrum Fund Services |
March | $10 | 02/06/08 |
| Meridian Horizon Enhanced Fund Domicile: U.S. (See article) |
William Lawrence Meridian Capital, New York 212-308-7670 |
Fund of funds: leveraged, diversified | Law firm: Kirkpatrick & Lockhart Auditor: Ernst & Young Administrator: Sage Administrators |
Jan. 1 | $36 | 02/06/08 |
| Tosca Small Cap Fund Domicile: Cayman Islands |
Paul Compton Toscafund Asset Management, London 44-207-845-6100 |
Long/short equity: U.K. small-capitalization stocks | Prime broker: Goldman Sachs Administrator: Citco |
Feb. 1 | $98 | 01/30/08 |
| SRH Eclipse Domicile: Cayman Islands (See article) |
Mark Haworth Sloane Robinson, London 44-207-929-2771 |
Long/short equity: Asia | Prime broker: Credit Suisse Law firm: Dechert Auditor: Ernst & Young Administrator: Morgan Stanley |
Jan. 17 | $15 | 01/23/08 |
| Magnum India Fund | Dion Friedland Magnum Fund Management, Nassau, Bahamas 305-935-7544 |
Fund of funds: multi-strategy India | Law firm: Maitland Auditor: BDO Mann Judd Administrator: SS&C Fund Services |
Jan. 1 | $2 | 01/16/08 |
| Cannonball Stability Fund Domicile: U.S. |
Andrew Hoffman Globefin U.S. Advisors, New York 212-695-8136 |
Fund of funds: asset-based lending | Law firm: Herrick Feinstein Auditor: Deloitte & Touche Administrator: Fortis |
Jan. 1 | $16 | 01/16/08 |
| High Quality ABS Opportunities Fund Domicile: U.S. and Cayman Islands (See article) |
Dave Edington, Chris Chester and Jeff Saye Rimrock Capital and Saye Capital San Juan Capistrano, Calif. 949-276-7300 |
Distressed ABS | Prime broker: Bear Stearns Law firm: Paul Hastings Auditor: Rothstein Kass Administrator: Olympia Capital |
Jan. | $100 | 01/09/08 |