Funds of Hedge Funds

Hermes BPK Partners, the USD2.3 billion alternative advisory boutique and fund of hedge funds manager, has launched Alpha Vault Managed Futures (Alpha Vault) with USD275 million of investment. »

Global Investment House's Global Distressed Fund was ranked tenth in the Fund of Funds – Distressed Securities/ Event Driven category for the year 2010 and eighth for July 2011 by BarclayHedge, based on its net returns. »

Khan Investment Management is to launch the Khan Mongolia Equity Fund in August to capitalise on the growth opportunities in Mongolia and provide investors with both diversified and liquid exposure to one of the world's most resource rich and fastest growing economies. »

Palmer Square Capital Management, a manager of hedge fund-of-funds partnerships and customised alternative investment solutions, has launched the Palmer Square Absolute Return Fund, its first open-ended mutual fund. »

Funds managed by CB Asset Management will from now on be marketed under the name CB Funds (CB Fonder in Swedish) with a new website www.cbfonder.se.    »

ALTIN, the USD270m multi-strategy fund of hedge funds achieved a very positive investment performance in 2010 of +12.47%, easily outperforming the funds of hedge funds index, HFRI FoF (+5.67%). »

NewAlpha 4 Genesis has completed its first closing of USD150 million raised from French and Swiss institutional investors. NewAlpha Asset Management is considering a final closing in late July 2011 with an asset target of USD250 million. »

Funds of hedge funds were widely predicted to become one of the principal casualties of last year's annus horribilis for the hedge fund industry. »

Nedgroup Investments, a specialist fund of hedge funds provider, has made three of its money market funds available to investors through a partnership with Thomas Miller Investments. »

As the worst performance year on record for funds of hedge funds draws to a close, hedge funds are also facing record withdrawals, according to Standard & Poor's Fund Services. »