Launches & Closures Hedge Funds

New funds update: May 2009

by

Firm name

Fund name

Fund strategy

Portfolio manager

Target AUM

Target launch date

Dalton Investments

Dalton Distressed Credit Fund

distressed debt

Steven Persky, Swaraj Chowdhury

$20 million

May

Colbeck Capital Management

Colbeck Credit Opportunities Fund

long/short credit

Jason Beckman, Jason Colodne

$200 million

June

Colbeck Capital Management

Colbeck Secured Debt Fund

senior secured debt

Jason Beckman, Jason Colodne

$200 million

June

Ospraie Management

Ospraie Equity Fund

commodities/basic industries

Dwight Anderson

-

July

Ospraie Management

Ospraie Commodity Fund

commodities/derivatives

Dwight Anderson

-

July

Blue Marble Capital Partners

Carbon Alternative Fund

carbon credits/technology companies

Trevor Giles

CAD $100million

Dec

-

Verulam Resources Fund

commodities/metals

Andrew Suckling, Russell Plackett

-

-

Silverback Asset Management

Investcorp Silverback Opportunistic Convertible Fund

convertible arbitrage

Elliot Bossen

$75 million

April

Point Defiance Capital Management

Point Defiance Microcap Fund

long/short microcap

Brad Lawson

$10 million

July

Belstar Management

Belstar Credit Fund

TALF enabled credit opportunities

Simina Farcasiu

-

launched in April

Onslow Advisors

Onslow Global Fund

long/short equity

Joe Ainsberg

-

July

Hayground Cove