Hedge Funds and CTAs

The new company, RaptorAccelerator, has offices in Boston, New York and Austin, Texas, which Raptor Group founder James Pallotta says could be the next Silicon Valley.

Finisterre Capital has hired a Credit Suisse Group economist to focus on emerging markets.

Longtime hedge fund marketing executive Renata Cirne has joined Amida Capital Management to lead its effort.

Horizon Kinetics, a global investment firm with approximately $9.5 billion under management, has tapped Corbin Capital Partners vet Steve Butler as head of institutional sales.

UK-based fund of hedge funds Liongate Capital Management has expanded its U.S. presence with the appointment of Richard ‘Rick’ Teisch as U.S. director of investment research.

Tikehau IM, the Paris-based credit and fixed-income market specialist, saw inflows of €300 million in the first half of 2011.

June was exceptionally unkind to Paulson & Co., even for those funds that did not lose $574 million on a single investment.

The New York-based hedge fund giant saw all of its hedge fund lose ground last month, none more so than the Advantage Plus Fund, the $37 billion firm's largest. That fund dropped 11% in June—leaving its dollar-denominated share class down 18% on the year and its gold-denominated share class down 12%—primarily on the firm's disastrous investment in Chinese timber company Sino-Forest Corp.

May and June provided a one-two punch to some of the world's top commodities hedge funds, leaving many reeling with double-digit first-half losses.

Investors can't get enough of former Goldman Sachs proprietary trader Morgan Sze's Azentus Capital Management. But those with a bigger appetite for the Hong Kong-based hedge fund had better pony up quickly.

Fortress Investment Group's hedge fund had a mixed, if mostly bad, June, the firm said in a Securities and Exchange Commission filing.