New Commodity Pools Registered March 2017

This is March’s installment of a series of monthly posts about new commodity pool launches.

Highlights

Of note this month:

  • A big uptick in the rate of pool registration. This post covers roughly 4 weeks and saw 1005 pools registered, a rate of around 250/week. The big name firms in total were registering pools at a rate of 30+ / week also higher than the last post.
  • Blackstone alone added 44 pools, while Canyon added 18, and Avenue added 13 over the 4 week period. That’s 60% of the pools listed below.
  • Angelo Gordon added 7 pools, Blackrock and Paulson added 6 each.
  • Of interest to the systematic trading community, Man Numeric and Two Sigma registered new pools.

Strategies featured in the new pools include:

  • Asia special situations, aviation opportunities, energy opportunities (all from Avenue).
  • 3 major complex looking groups of funds from Blackstone – I would love it if someone could provide insight into the objectives of such arrangements.
  • Goldentree registered a set of related emerging markets pools.
  • Pine River established a set of 3 related volatility arbitrage pools.

Please let me know in the comments if this kind of overview is helpful, or if there is something of particular interest to you that you would like me to address.

Background

A hedge fund is typically registered as commodity pool, and the underlying strategy can often be inferred from the name. New pool registrations give you useful market and competitive information! If nothing else, you may get a heads-up that a competitor is bringing something new to market.

The source of data is the National Futures Association’s (NFA) Background Affiliation Status Information Center (BASIC) website. These posts will form a series parallel to the one I recently started on the largest hedge funds by regulatory assets under management. That series uses data sourced from the SEC’s Investment Advisor Public Depository website.

Around 750 new pools are registered with the NFA each month, so I don’t have space to list them all here. I will limit the table to those pools registered by the largest hedge fund firms. This way you will be able to see the latest product-related strategic moves being made by the biggest players.

Get the Raw Data

If you are interested in a data file which includes the 1,000+ most recently registered pools use the adjacent “Request File” button. If you want the file delivered to an email address let me know via our contact form (opens in a new tab). IMPORTANT: Please indicate that you want the March 2017 Commodity Pool file.

The March file is no longer available. The button will deliver the current version.

New Commodity Pool Launches March 2017

groupNameCPO.NameCPO.IDPool.NamePool.ID
ANGELO GORDONAG DIRECT LENDING FUND GP LLC0486928TWIN BROOK CAPITAL FUNDING VI LLCP125988
ANGELO GORDONAG DIRECT LENDING FUND II GP LLC0498073TWIN BROOK CAPITAL FUNDING VIII SPV LLCP125695
ANGELO GORDONAG DIRECT LENDING FUND II GP LLC0498073TWIN BROOK EQUITY VIII CORPP125420
ANGELO GORDONAG DIRECT LENDING FUND II GP LLC0498073TWIN BROOK EQUITY X CORPP125421
ANGELO GORDONANGELO GORDON & CO LP0233099TWIN BROOK CAPITAL FUNDING VIII SPV LLCP125682
ANGELO GORDONANGELO GORDON & CO LP0233099TWIN BROOK EQUITY VIII CORPP125416
ANGELO GORDONANGELO GORDON & CO LP0233099TWIN BROOK EQUITY X CORPP125417
AVENUEAVENUE ASIA CAPITAL MANAGEMENT, LP0397899AVENUE ASIA SPECIAL SITUATIONS FUND V LPP125148
AVENUEAVENUE ASIA CAPITAL PARTNERS V LLC0502989AVENUE ASIA SPECIAL SITUATIONS FUND V LPP125148
AVENUEAVENUE AVIATION OPPORTUNITIES PARTNERS II OFFSHORE LLC0502980AVENUE AVIATION OPPORTUNITIES FUND II OFFSHORE LTDP125130
AVENUEAVENUE AVIATION OPPORTUNITIES PARTNERS II ONSHORE LLC0502979AVENUE AVIATION OPPORTUNITIES FUND II ONSHORE LPP125129
AVENUEAVENUE CAPITAL MANAGEMENT II, L.P.0397172AVENUE AVIATION OPPORTUNITIES FUND II OFFSHORE LTDP125130
AVENUEAVENUE CAPITAL MANAGEMENT II, L.P.0397172AVENUE AVIATION OPPORTUNITIES FUND II ONSHORE LPP125129
AVENUEAVENUE CAPITAL MANAGEMENT II, L.P.0397172AVENUE ENERGY OPPORTUNITIES FUND II LPP125131
AVENUEAVENUE ENERGY OPPORTUNITIES PARTNERS II LLC0502982AVENUE ENERGY OPPORTUNITIES FUND II LPP125131
AVENUEAVENUE EUROPE CAPITAL SOLUTIONS PARTNERS II US GENPAR SARL0502985AVENUE EUROPE CAPITAL SOLUTIONS FEEDER FUND II US SCSPP125133
AVENUEAVENUE EUROPE CAPITAL SOLUTIONS PARTNERS II US GENPAR SARL0502985AVENUE EUROPE CAPITAL SOLUTIONS FUND II US SCSPP125132
AVENUEAVENUE EUROPE INTERNATIONAL MANAGEMENT, L.P.0397901AVENUE EUROPE CAPITAL SOLUTIONS FEEDER FUND II US SCSPP125133
AVENUEAVENUE EUROPE INTERNATIONAL MANAGEMENT, L.P.0397901AVENUE EUROPE CAPITAL SOLUTIONS FUND II EURO SCSPP125145
AVENUEAVENUE EUROPE INTERNATIONAL MANAGEMENT, L.P.0397901AVENUE EUROPE CAPITAL SOLUTIONS FUND II US SCSPP125132
BLACKROCKBLACKROCK FINANCIAL MANAGEMENT INC0272739GLOBAL RENEWABLE POWER II FEEDER FUNDP125705
BLACKROCKBLACKROCK FUND ADVISORS0229147ISHARES CORE MSCI INTERNATIONAL DEVELOPED MARKETS ETFP125975
BLACKROCKBLACKROCK INSTITUTIONAL TRUST COMPANY NA0279188LIFEPATH RUSSELL 1000 TRADING FUNDP125996
BLACKROCKBLACKROCK INSTITUTIONAL TRUST COMPANY NA0279188LIFEPATH RUSSELL 2000 TRADING FUNDP125997
BLACKROCKBLACKROCK INVESTMENT MANAGEMENT LLC0298090COIN PRIVATE OPPORTUNITIES FUND LPP125168
BLACKROCKBLACKROCK SINGAPORE LIMITED0501420ARCH ASIA PACIFIC PRIVATE CREDIT OPPORTUNITIES FUND I LPP126022
BLACKSTONEBLACKSTONE / GSO CAPITAL SOLUTIONS OVERSEAS ASSOCIATES LLC0440900BLACKSTONE GSO CAPITAL SOLUTIONS ONSHORE FUNDING LUXEMBOURG SARLP125027
BLACKSTONEBLACKSTONE / GSO CAPITAL SOLUTIONS OVERSEAS ASSOCIATES LLC0440900GSO CAPITAL SOLUTIONS OFFSHORE FUNDING LUXEMBOURG SARLP125026
BLACKSTONEBLACKSTONE ALTERNATIVE ASSET MANAGEMENT ASSOCIATES LLC0385117BLACKSTONE EQUITY MANAGED ACCOUNT PORTFOLIOS LPP125057
BLACKSTONEBLACKSTONE ALTERNATIVE ASSET MGMT LP0246124BLACKSTONE CSP MST DEO FUNDP125110
BLACKSTONEBLACKSTONE ALTERNATIVE ASSET MGMT LP0246124BLACKSTONE CSP OS DEO FUNDP125105
BLACKSTONEGSO ASSOCIATES LLC0441147GSO SPECIAL SITUATIONS MASTER FUND LUXEMBOURG SARLP125015
BLACKSTONEGSO CAPITAL OPPORTUNITIES ASSOCIATES II LLC0441156GSO CAPITAL OPPORTUNITIES FUND II FACILITY LPP125038
BLACKSTONEGSO CAPITAL OPPORTUNITIES ASSOCIATES II LLC0441156GSO CAPITAL OPPORTUNITIES OVERSEAS CAYMAN FUND II LPP125039
BLACKSTONEGSO CAPITAL OPPORTUNITIES ASSOCIATES II LLC0441156GSO COF II BLOCKER GEP LPP125045
BLACKSTONEGSO CAPITAL OPPORTUNITIES ASSOCIATES II LLC0441156GSO COF II CW LPP125040
BLACKSTONEGSO CAPITAL OPPORTUNITIES ASSOCIATES II LLC0441156GSO COF II ESDF FACILITY LUXEMBOURG SARLP125042
BLACKSTONEGSO CAPITAL OPPORTUNITIES ASSOCIATES II LLC0441156GSO COF II ESDF LUXEMBOURG SARLP125041
BLACKSTONEGSO CAPITAL OPPORTUNITIES ASSOCIATES II LLC0441156GSO COF II FACILITY LUXEMBOURG SARLP125043
BLACKSTONEGSO CAPITAL OPPORTUNITIES ASSOCIATES II LLC0441156GSO COF II HOLDINGS PARTNERS FACILITY LPP125037
BLACKSTONEGSO CAPITAL OPPORTUNITIES ASSOCIATES II LLC0441156GSO COF II HOLDINGS PARTNERS LPP125036
BLACKSTONEGSO CAPITAL OPPORTUNITIES ASSOCIATES II LLC0441156GSO COF II TRUST CWP125044
BLACKSTONEGSO CAPITAL OPPORTUNITIES ASSOCIATES II LLC0441156GSO COF II TRUST GEPP125046
BLACKSTONEGSO CAPITAL SOLUTIONS ASSOCIATES II LLC0441342GSO CAPITAL SOLUTIONS AM FEEDER FUND II LPP125018
BLACKSTONEGSO CAPITAL SOLUTIONS ASSOCIATES II LLC0441342GSO CAPITAL SOLUTIONS FUND II AIV 6 LPP125016
BLACKSTONEGSO CAPITAL SOLUTIONS ASSOCIATES II LLC0441342GSO CAPITAL SOLUTIONS FUND II AIV 7 LPP125017
BLACKSTONEGSO CAPITAL SOLUTIONS ASSOCIATES II LLC0441342GSO CAPITAL SOLUTIONS FUND II BLOCKER 3A1 LPP125021
BLACKSTONEGSO CAPITAL SOLUTIONS ASSOCIATES II LLC0441342GSO CAPITAL SOLUTIONS FUND II BLOCKER DRILLCO LPP125019
BLACKSTONEGSO CAPITAL SOLUTIONS ASSOCIATES II LLC0441342GSO CAPITAL SOLUTIONS FUND II BLOCKER TAP LPP125020
BLACKSTONEGSO CAPITAL SOLUTIONS ASSOCIATES II LLC0441342GSO CAPITAL SOLUTIONS FUND II TRUST TAP JP125022
BLACKSTONEGSO CAPITAL SOLUTIONS ASSOCIATES II LLC0441342GSO CAPITAL SOLUTIONS FUND II TRUST TAP NON USP125023
BLACKSTONEGSO CAPITAL SOLUTIONS ASSOCIATES II LLC0441342GSO CAPITAL SOLUTIONS FUND II TRUST TAP PP125024
BLACKSTONEGSO CAPITAL SOLUTIONS ASSOCIATES II LLC0441342GSO CAPITAL SOLUTIONS FUND II TRUST TAP USP125025
BLACKSTONEGSO CO INVESTMENT FUND D ASSOCIATES LLC0503518GSO CO INVESTMENT FUND D LPP125852
BLACKSTONEGSO COF III CO INVESTMENT ASSOCIATES LLC0500741GSO COF III CO INVESTMENT AIV 1 LPP125295
BLACKSTONEGSO COF III CO INVESTMENT ASSOCIATES LLC0500741GSO COF III CO INVESTMENT AIV 2 LPP125296
BLACKSTONEGSO COF III CO INVESTMENT ASSOCIATES LLC0500741GSO COF III CO INVESTMENT AIV 3 LPP125297
BLACKSTONEGSO COF III CO INVESTMENT ASSOCIATES LLC0500741GSO COF III CO INVESTMENT AIV 4 LPP125298
BLACKSTONEGSO COF III CO INVESTMENT ASSOCIATES LLC0500741GSO COF III CO INVESTMENT AIV 5 LPP125299
BLACKSTONEGSO COF III CO INVESTMENT ASSOCIATES LLC0500741GSO COF III CO INVESTMENT BLOCKER 5 LPP125300
BLACKSTONEGSO COF III CO INVESTMENT ASSOCIATES LLC0500741USS GSO COF III CO INVESTMENT LPP125293
BLACKSTONEGSO COF III CO INVESTMENT ASSOCIATES LLC0500741USS GSO COF III CO INVESTMENT LTDP125294
BLACKSTONEGSO CREDIT ALPHA ASSOCIATES LLC0483380GSO COCA BAYSHORES BLOCKER LPP125030
BLACKSTONEGSO CREDIT ALPHA ASSOCIATES LLC0483380GSO COCA BLOCKER CEP LPP125031
BLACKSTONEGSO CREDIT ALPHA ASSOCIATES LLC0483380GSO COCA BLOCKER GEP LPP125032
BLACKSTONEGSO CREDIT ALPHA ASSOCIATES LLC0483380GSO COCA LOCOMOTIVE BLOCKER LTDP125033
BLACKSTONEGSO CREDIT ALPHA ASSOCIATES LLC0483380GSO CREDIT ALPHA BLOCKER DRILLCO LPP125034
BLACKSTONEGSO CREDIT ALPHA ASSOCIATES LLC0483380GSO CREDIT ALPHA FUND AIV 3 LPP125028
BLACKSTONEGSO CREDIT ALPHA ASSOCIATES LLC0483380GSO CREDIT ALPHA FUND AIV 4 LPP125029
BLACKSTONEGSO GLOBAL DYNAMIC CREDIT ASSOCIATES LLC0470508BLACKSTONE GSO GLOBAL DYNAMIC CREDIT USD FEEDER FUND IRELANDP125035
BLUEMOUNTAINBLUEMOUNTAIN CAPITAL MANAGEMENT LLC0394148BLUEMOUNTAIN FURSAN FUND LPP125815
BLUEMOUNTAINBLUEMOUNTAIN CAPITAL MANAGEMENT LLC0394148BMIV I LPP125816
CANYONCANYON PARTNERS REAL ESTATE LLC0455648587 91 THIRD OWNER LLCP125502
CANYONCANYON PARTNERS REAL ESTATE LLC0455648ARLINGTON CITY CENTER LLCP125493
CANYONCANYON PARTNERS REAL ESTATE LLC0455648BAY STREET HOTEL PROPERTIES LLCP125499
CANYONCANYON PARTNERS REAL ESTATE LLC0455648CHANNEL CLUB TA LLCP125492
CANYONCANYON PARTNERS REAL ESTATE LLC0455648CJUF II FLAGLER LLCP125508
CANYONCANYON PARTNERS REAL ESTATE LLC0455648CMIF EAGLE CREEK LLCP125506
CANYONCANYON PARTNERS REAL ESTATE LLC0455648CMIF FOUNTAINS LPP125505
CANYONCANYON PARTNERS REAL ESTATE LLC0455648CMIF II WOODLANDS LLCP125507
CANYONCANYON PARTNERS REAL ESTATE LLC0455648CMIF PALM ISLANDS LLCP125504
CANYONCANYON PARTNERS REAL ESTATE LLC0455648CRESTA BELLA II LLCP125496
CANYONCANYON PARTNERS REAL ESTATE LLC0455648CUOF IV PATSON LLCP125501
CANYONCANYON PARTNERS REAL ESTATE LLC0455648CUOF IV QUARTERS AT MOREHEAD LLCP125498
CANYONCANYON PARTNERS REAL ESTATE LLC0455648DHPI DADELAND LLCP125500
CANYONCANYON PARTNERS REAL ESTATE LLC0455648FORUM FITZSIMONS LLC THEP125509
CANYONCANYON PARTNERS REAL ESTATE LLC0455648NP PARCEL N OWNER LLCP125503
CANYONCANYON PARTNERS REAL ESTATE LLC0455648PALMER LANE JOINT VENTURE LLCP125495
CANYONCANYON PARTNERS REAL ESTATE LLC0455648RESIDENCES AT TOWN CENTER LLCP125494
CANYONCANYON PARTNERS REAL ESTATE LLC0455648UPPER EAST SIDE MIAMI LLCP125497
CERBERUSCERBERUS 17 RM ASSOCIATES IV LTD0503052CERBERUS 17 RM FUND, L.P.P125939
CERBERUSCERBERUS CAPITAL MANAGEMENT II LP0379243CERBERUS 17 RM LLCP125941
CERBERUSCERBERUS CAPITAL MANAGEMENT II LP0379243CERBERUS 17 RM LTDP125940
CREDIT SUISSECREDIT SUISSE ASSET MANAGEMENT LLC0232207CABOT SQUARE EUROPEAN SENIOR LOAN FUND DESIGNATED ACTIVITY COMPANYP125718
CREDIT SUISSECREDIT SUISSE ASSET MANAGEMENT LLC0232207CABOT SQUARE EUROPEAN SENIOR LOAN FUND UNIT TRUSTP125717
FORTRESSFORTRESS JAPAN OPPORTUNITY MANAGEMENT LLC0450303FJOF3 RESIDENTIAL COINVESTMENT FUND DOLLAR I LPP125841
FORTRESSFORTRESS JAPAN OPPORTUNITY MANAGEMENT LLC0450303FJOF3 RESIDENTIAL COINVESTMENT FUND DOLLAR II LPP125842
FORTRESSFORTRESS JAPAN OPPORTUNITY MANAGEMENT LLC0450303FJOF3 RESIDENTIAL COINVESTMENT FUND YEN LPP125843
GOLDENTREEGOLDENTREE ASSET MANAGEMENT LP0359029GOLDENTREE EMERGING MARKETS ICAVP125722
GOLDENTREEGOLDENTREE ASSET MANAGEMENT LP0359029GOLDENTREE EMERGING MARKETS LPP125721
GOLDENTREEGOLDENTREE ASSET MANAGEMENT LP0359029GOLDENTREE EMERGING MARKETS MASTER FUND ICAVP125720
GOLDENTREEGOLDENTREE EMERGING MARKETS GP LLC0503401GOLDENTREE EMERGING MARKETS LPP125723
GOLDMAN SACHSGOLDMAN SACHS ASSET MANAGEMENT LP0330835PROGRESS RESIDENTIAL ACCESS LPP125339
GOLDMAN SACHSGOLDMAN SACHS ASSET MANAGEMENT LP0330835SAMPENSION US REAL ESTATE II LPP125681
GOLDMAN SACHSGOLDMAN SACHS HEDGE FUND STRATEGIES LLC0279121MULTI STRATEGY PORTFOLIO XII IRELANDP125935
GOLDMAN SACHSGOLDMAN SACHS HEDGE FUND STRATEGIES LLC0279121MULTI STRATEGY PORTFOLIO XIII IRELANDP125934
GOLDMAN SACHSGOLDMAN SACHS TRUST COMPANY NA THE0380294LONG TREASURY STRIPS FUNDP125901
HILLHOUSEHILLHOUSE INRE FUND GP LTD0503070HILLHOUSE INRE FUND, L.P.P125328
J.P. MORGANJP MORGAN INVESTMENT MANAGEMENT INC0233420IIF CANADIAN 4 GP INCP125811
J.P. MORGANJP MORGAN PRIVATE INVESTMENTS INC0296200SLP V PRIVATE INVESTORS LLCP125489
J.P. MORGANJP MORGAN PRIVATE INVESTMENTS INC0296200SLP V PRIVATE INVESTORS OFFSHORE LPP125490
MAN GROUPNUMERIC INVESTORS LLC0382141MAN NUMERIC INTEGRATED ALPHA MARKET NEUTRALP125846
PAULSONPAULSON & CO INC0408490PAULSON ESP SEGREGATED PORTFOLIO COMPANY 1 ENTRUST T710 PARTNERS LPP125459
PAULSONPAULSON & CO INC0408490PAULSON ESP SEGREGATED PORTFOLIO COMPANY 1 PERMAL CARDIFF CO INVESTMENT FUND PC SPP125454
PAULSONPAULSON & CO INC0408490PAULSON ESP SEGREGATED PORTFOLIO COMPANY 1 PERMAL HEDGE FUND OPPORTUNITIES II LTD PC SPP125455
PAULSONPAULSON & CO INC0408490PAULSON ESP SEGREGATED PORTFOLIO COMPANY 1 PERMAL SELECT OPPORTUNITIES II LTD PC SPP125457
PAULSONPAULSON & CO INC0408490PAULSON ESP SEGREGATED PORTFOLIO COMPANY 1 PERMAL SELECT OPPORTUNITIES III LTD PC SPP125458
PAULSONPAULSON & CO INC0408490PAULSON ESP SEGREGATED PORTFOLIO COMPANY 1 PERMAL SELECT OPPORTUNITIES LTD PC SPP125456
PIMCOALLIANZ GLOBAL INVESTORS US LLC0423330ALLIANZGI CONVERTIBLE LLCP125904
PIMCOPACIFIC INVESTMENT MANAGEMENT CO LLC0002988PHFS VII SPP125236
PIMCOPACIFIC INVESTMENT MANAGEMENT CO LLC0002988PIMCO ST FLOATING NAV IV SUBSIDIARY LLCP126011
PINE RIVERPINE RIVER CAPITAL MANAGEMENT LP0317668PINE RIVER PRECISION FUND SPC FOR THE ACCOUNT OF PINE RIVER VOLATILITY ARBITRAGE SPP125518
PINE RIVERPINE RIVER CAPITAL MANAGEMENT LP0317668PINE RIVER VOLATILITY ARBITRAGE MASTER FUND LTDP125516
PINE RIVERPINE RIVER CAPITAL MANAGEMENT LP0317668PINE RIVER VOLATILITY ARBITRAGE SERIES A SERIES OF PINE RIVER PRECISION FUND LLCP125517
PINE RIVERPINE RIVER DOMESTIC MANAGEMENT LP0372707PINE RIVER VOLATILITY ARBITRAGE SERIES A SERIES OF PINE RIVER PRECISION FUND LLCP125517
TWO SIGMATWO SIGMA ADVISERS LP0420715TWO SIGMA MAGIS CAYMAN FUND LTDP125453
WELLINGTONWELLINGTON FUNDS US LLC0503169COMPOUND GROWTH LPP125519
groupName: Name of affiliate group to which the CPO belongs
CPO.Name: Name of CPO
CPO.ID: NFA ID of the CPO
Pool.Name: Name of registered pool
Pool.ID: NFA ID of the registered pool

Contact me to discuss custom research and reporting projects.

Methodology

In order to complete the research for this post, I made use of a script in R using the RSelenium package. I have previously published a post about how to set up RSelenium using the latest version of Selenium, and an earlier post reviewing some of the most useful functions in the package. This package makes it possible to automate the collection of data from websites; the process is called web-scraping.

The NFA assigns pool ID numbers in numerical order. I start with the most recently identified pool and increment the pool ID, then search in BASIC for that pool. If the pool is found, I record the name(s) and ID(s) of the Commodity Pool Operator(s). I also check for the date the pool ceased trading futures or ceased trading altogether, to ensure I do not include dead pools. I keep going until I run out of pools (I check at least 100 successive pool IDs have no pool associated with them).

Finally, for the purpose of this post, I purge the list of pool operators who do not appear on my 100 largest hedge funds master list. Note that this list includes about 350+ firms who are affiliated with the various large hedge fund companies.

Image Source: Matthew Bowden

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