New hedge funds update: October 2011

Tennenbaum Capital Partners raises $530 million for multistrategy fund. Marathon brings in $500 million for a European credit fund.

FIRM NAME

FUND NAME

STRATEGY

PORTFOLIO MANAGER

AUM ($M)

City

State

LAUNCH DATE

Academy Investment Management

Academy Quantitative Global Fund

Quant

Ellen Wang

$5

New York

NY

August

BalanTrove Partners

BalanTrove Master Fund

Global Event Driven

Lawrence Clark

$17

New York

NY

August

Marathon Asset Management

Marathon European Credit Opportunity Fund

European Distressed Debt

Louis Hanover,

Bruce Richards

$500

New York

NY

August

Tennenbaum Capital Partners

Tennenbaum Opportunities Fund VI

Multistrategy credit opportunities

Mark Holdsworth, Howard Lefkowitz

$530*

Los Angeles

CA

August

Trend Capital

Trend Macro Fund

Macro

Ashwin Vasan

$106*

Greenwich

CT

August

Carilliam Capital

Carilliam Global, Carilliam Offshore, Carilliam Offshore II

Global Long/Short Equity

Gary Dean

$50*

Nashville

TN

September

Glade Brook Capital Partners

n/a

Global Long/Short Equity

Paul Hudson

n/a

Greenwich

CT

October

KeySquare Group

KeySquare Global Fund

Global Macro

Scott Bessent

$200*

New York

NY

October

Nile Capital Management

Nile Africa Frontier Fund

African equity and credit

Larry Seruma

$5

New York

NY

October

Seawolf Capital

n/a

Long/Short Equity

Danny Moses, Porter Collins, Vincent Daniel

$150

New York

NY

October

Maerisland Capital

Maerisland-Trident Fund

Global Long/Short Equity

Mark Beder

$100*

Newport Beach

CA

November

Christofferson Robb & Co.

CRC Emerging Markets SME Banking Fund

Structured Finance

Richard Robb

$400

New York & London

NY

December

Palestra Capital Management

Palestra Capital Fund, Palestra Capital Offshore Fund

Global Long/Short Equity

Jeremy Schiffman, Andrew Immerman

$155*

New York

NY

Q1 2012

*Estimated initial funds raised. Current AUM may be higher. For further details please visit the AR database at institutionalinvestor.com

Tennenbaum Capital Partners Bruce Richards New York NY CA
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