Launches & Closures Hedge Funds

New funds update.

by

Firm name

Fund name

Fund strategy

Portfolio manager

Target AUM

Target launch date

Clifftop Capital Management

Clifftop Special Opportunities Master Fund

Asset-based lending

Investment committee

>$1 billion

April

Colbeck Capital Management

Colbeck Credit Opportunities Fund

Distressed

Jason Colodne, Jason Beckman

N/A

Q2 2009

Colbeck Capital Management

Colbeck Secured Debt Fund

Distressed

Jason Colodne, Jason Beckman

N/A

Q2 2009

Caxton Associates

Caxton Hawk

Quantitative/macro

Jeffrey Enslin

$250 million

May

Citadel Investment Group

Citadel Global Macro Fund

Global macro

Kaveh Alamouti

$2 billion

launched February

Vernon Square Capital

Vernon Square Capital Market Neutral Equity Fund

Quantitative/market neutral

Richard Weed, Geoff Kelley

$25 million

May

Del Mar Asset Management

Index Opportunities Fund

Multistrategy

Ryan Longfield

N/A

April

Contrarian Capital Management

Contrarian Structured Opportunities

Distressed structured products

Sinclair Im

N/A

launched March

Harbinger Capital Partners

Credit Distressed Blue Line Fund

Distressed loans and bonds

Philip Falcone

N/A

Levenstein Vaceva & Co.

Mongoose Income Fund

Subprime, auto loans

Nicholas Levenstein, Ivayla Vaceva

$25 million

launched