Hedge Funds and CTAs

The Bank of New York Mellon’s hedge fund administration unit has hired Kate Colchester to head its Asian sales effort.

New York-based Penso Capital Markets this month launched its Crisis Fund with $225 million in commitments.

Martello Investment Management has launched the Martello Resources Fund SPC, a commodities-focused fund of hedge funds, with $17 million in assets.

A high-profile female hedge fund executive is preparing a new hedge fund for launch within the coming months.

LDV Capital Management is prepping its maiden hedge fund offering, Three Rivers Activist Fund, for launch sometime within the next few months. The Pittsburgh-based firm hopes to attract commitments of $50 million to deploy within the small-cap space.

Jupiter Asset Management plans to close its Hyde Park Fund to new investors after raising another US$200 million, its manager said.

London-based First Avenue Partners today unveiled the FAP Hedge Fund Opportunities Fund, a hedge fund incubation vehicle.

Moore Capital Management is spinning off its fixed-income hedge fund, which plans to grow as large as US$3 billion after a new fundraising effort.

Goldman Sachs’ Petershill private equity fund has taken its second stake in a London hedge fund manager.

Quantitative Investment Management has launched a pair of new hedge funds. The Charlottesville, Va.-based firm in November unveiled the Quantitative Tactical Fund and the Quantitative Fund.

The Tactical fund is a diversified equities hedge fund, currently trading only U.S. names.