Launches & Fundraising

RESEARCH

Hedge fund launches at “historically low” levels despite Q2 recovery, but liquidations ease following Covid crash

Hedge fund launches at “historically low” levels despite Q2 recovery, but liquidations ease following Covid crash

The rate of new hedge fund launches grew between April and June following the coronavirus-fuelled first quarter slump, as hedge fund performance recovered – but the number of new roll-outs over the past 12 months remains “historically low”, Hedge Fund Research says.

FUND LAUNCH

Hickory Lane Capital launches multi-sector equity hedge fund with Investcorp-Tages as anchor

Hickory Lane Capital launches multi-sector equity hedge fund with Investcorp-Tages as anchor

Hickory Lane Capital Management, a New York-based fundamental equities-focused investment manager, is tapping into opportunities across the TMT, industrials and consumer sectors with a new long/short equity strategy, which has launched with USD100 million in assets anchored by asset management seeder Investcorp-Tages.

FUND LAUNCH

Theta Capital Management launches distressed credit multi-manager vehicle

Theta Capital Management launches distressed credit multi-manager vehicle

Hedge fund specialist Theta Capital Management has launched a new multi-manager fund vehicle for investors to access distressed credit market opportunities. Theta Capital has been waiting for the right time to capitalise on distressed markets and with Covid-19 causing such dislocation in the global economy, the firm feels now is the right time to invest with a select number of distressed managers.