Hedge Funds and CTAs

Ascentia Capital Partners has tapped hedge fund Armored Wolf as the fifth subadviser to its mutual fund of hedge funds, and is now looking for two more.

If former Silver Point Capital partner Harry Wilson is going to be the next comptroller of New York State, he’s got a lot of catching up to do.

Mark Carhart’s Kepos Capital has made at least three hires as the former Global Alpha chief prepares to launch the alternative beta shop.

London-based Silk Invest has launch a fourth emerging markets hedge fund, this one focusing on frontier markets.

Pendragon Capital is coming back. The event-driven hedge fund shop closed last year after its flagship lost 40% in 2008 and founders Julian Harvey Wood and Kaveh Sheibani joined GLG Partners. But Harvey Wood and Sheibani chafed under GLG’s aegis, leaving the firm in February with plans to relaunch Pendragon anew.

Toscafund Asset Management’s profit fell by two-thirds last year, leaving it earning just 6% of what it took in two years ago.

A big investment from a big pension fund means big changes for Cavenagh Capital.

BlueCrest Capital Management has added a trio of credit traders to its multi-strategy credit fund.

RCM Partners is taking its Canadian special situations fund offshore.

The single-manager environmental fund will debut in the fourth quarter, helmed by new hire Paul Udall.