Investors aren’t the only ones heading for the doors at GLG Partners.

Pfäffikon, Switzerland-based currency specialist Quaesta Capital this month is unveiling a foreign exchange volatility fund, V-Pro.

Kotak Mahindra has launched a muti-strategy offering to take advantage of the volatile markets in India.

John McPherson, a former energy trader for Société Générale, has formed Sequoia Financial Advisory Services, a Portland, Ore.-based commodity trading adviser, and is prepping an energy hedge fund that will launch later this year.
 
The new vehicle, the Homestake Trading Fund, will trade exotic energy options and spreads in crude oil, natural gas, gasoline and heating oil.

Fortress Investment Group posted a loss in the first quarter despite a big jump in assets under management and revenue.

Growing enthusiasm for hedge funds, paired with a profitable fee structure and positive returns, has given the hedge fund industry the capital to extend its influence.

Standard Life Investments has launched its Global Absolute Return Strategies Fund, designed for retail investors.

In his effort to cut Merrill Lynch’s hedge fund investments, John Thain is bidding farewell to one of his firm’s top traders.

Don’t count Melissa Ko out just yet.

Ko’s $1.2 billion Emerging Markets Macro Fund, battered by double-digit losses in the first quarter, took—as did many of its hedge fund peers—a step forward last month, it told investors.

Man Investments Australia and nabCapital, a division of the National Australia Bank Group, this month unveiled a new portable alpha product to provide  stable returns for institutional investors.