New funds update: September 2010

Black River, TPG and Voras break $100 million each in fundraising for new investments.

FIRM NAME

FUND NAME

STRATEGY

PORTFOLIO MANAGER

AUM ($M)

LAUNCH DATE

Summation Capital

Summation Sigma Fund 1

Distressed

Mark Levin

$8

April

Specialized Performance Advisory Group

SPAG I

Multistrategy

Brian Shapiro, George Boyan

$10

May

Metolius Capital

Metolius Diversified

Macro

Ross Crotinger, Tom Mazza, Barry McCaldin

$40

June

Black River Asset Management

Black River Emerging Markets Fund

Emerging Markets

Jeremy Llewelyn, Guilherme Schmidt

$216

June

Discerene Value Advisors

Discerene Fund

Global Equity

Soo Chuen Tan

N/A

June

Iron Capital Advisors

The Gateway Fund

Global Equity

Chuck Osborne

N/A

July

Quincy Cass Associates (QCA)

QCA Opportunity Fund

Event Driven

Mark Minichiello

$10*

July

Formula Investing Management

Formula Investing Hedged Value Strategies

U.S. Equity

Joel Greenblatt

$15*

July

Redwood Asset Management/
Garrison Hill Capital Management

Garrison Hill European Crisis Fund

Macro

Michael Yhip

N/A

July

Doheny & Reese

Doheny Diamond Fund

U.S. Equity

Leigh Doheny

$2

July

Clinton Street Capital

Clinton Street Capital Partners Fund

Macro

Steven Acker

$7*

July

Spotlight Funds Management

Spotlight Catalyst Fund

U.S. Equity

Terry Lally

$5*

July

Hutchin Hill Capital

Hutchin Hill Capital Master

Multistrategy

Neil Chriss

$500

July

TPG Credit Management

ACO II Opportunities Fund

Distressed

Rory O’Neill

$44*

July

Voras Capital Management

Voras Liquid Opportunities

Macro

Zoe Cruz

$160

July

TPG Credit Management

Airline Credit Opportunities Fund II

Distressed

Rory O’Neill

$131*

August

Rosecliff Capital

N/A

U.S. Equity

Michael Murphy, Evan Fox

$25*

August

Crimson Capital

Crimson Bond Fund

Fixed Income

Robert Lella

$30*

August

Columbus Circle Investors

CCI Technology Partners

U.S. Equity

Craig Chodash

N/A

August

Long Pond Capital

Long Pond Capital

U.S. Equity

John Khoury

N/A

October

MileStone Capital

MileStone Credit Opportunities Fund

Credit

Mitchell Wilner

N/A

Q3

Soroban Capital Partners

Soroban Capital

Global Equity

Eric Mandelblatt

N/A

Q4

C12 Capital Management

Helix Liquid Opportunities Fund

Fixed Income

Stephen King

N/A

Q4

Northlight Financial

Northlight Corporate Credit Opportunities Partners

Credit

Ajay Nanda, Chris Jahrmarkt

N/A

Q4

*estimate For further details please visit the AR database at www.absolutreturn-alpha.com

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