Hedge Funds and CTAs

Emerging markets specialist Wittenham Investment Management has launched a fund of hedge funds with exposure to frontier markets such as Africa, Middle East and the former Soviet Union.

Conative Capital Management has launched its first hedge fund, a special-situations fund investing in sub-$1 billion companies.

The second quarter is proving to be much more congenial than the first for Avenue Capital Partners.

Peloton Partners has taken another step towards extinction, delisting the shares of its multi-strategy fund from the Irish Stock Exchange.

Maureen Mitchell has joined Highland Capital Management as a managing director to head institutional sales globally.

Harcourt Investment Consulting, the US$5.5 billion alternatives shop, has been appointment as an advisor to Bank Sarasin's fund of hedge funds platform.

Drawdown? What drawdown? Last year's downturn in hedge fund performance has not deterred institutions from investing in the asset classes, according to research from Greenwich Associates and Global Custodian.

The share of hedge fund capital provided by institutions was unchanged from 2006 to 2007, following several years of steady growth.

New York-based Castlestone Management last month launched its first UCITS-compliant fund, the Dublin-listed Aliquot Active Commodity Index (UCITS) Fund.

Alternatives shop Investcorp said today that the managers in its single manager platform have raised more than US$2 billion in total assets.

La Jolla, Calif.-based Denali Advisors, a quantitative asset manager, is currently prepping a 130/30 strategy to launch later this year.