Hedge Funds and CTAs

A Mumbai-based managing director for private equity firm General Atlantic is striking out on his own.

Socially-responsible money management firm EquityStar Capital Management will launch a new hedge fund in June with plans to invest some of its profits in impoverished African countries.

EquityStar Global Partners will be a quantitative market-neutral fund, trading only the most liquid global companies, the Washington, D.C.-based firm said. The new fund, which is targeting annual returns of between 25% and 35%, features weekly liquidity and no lockup.

Hedge funds saw inflows for the 11th month out of 12 and posted strong investment performance in April, according to a report from HedgeFund.net.

Major League Baseball is playing hardball with the hedge fund creditors of the Texas Rangers, but the move seems to have backfired in a big way.

Asset management firm Investcorp has added a pair of executives to its hedge fund business.

Odey Asset Management has launched a joint-venture in Switzerland.

SAC Capital Advisors founder Steven Cohen plans to sell an Édouard Manet self-portrait—one of only two painted by the impressionist master—this summer.

Despite Democratic-led efforts to impose stricter regulations on hedge funds, the industry’s top titans continue to give generously to the party.

A new hedge fund founded by former SAC Capital Advisors portfolio managers has picked Citigroup to serve as its administrator.

Were hedge funds responsible for Thursday’s market madness after all?