**Stone House Partners LLC announced the successful launch of its flagship hedge fund, the Stone House Partners Fund, and impressive first half returns.

**Finvest Asset Management has announced the launch of The Finvest Yankee fund, its first multi-strategy hedge fund that will offer exposure to emerging managers through managed accounts.

**BNP Paribas has announced the launch of its new Global Synthetic Prime sales and trading group within its Equities and Derivatives business. The group is headed by Rich Sansaricq who is based in New York and has the responsibility of coordinating the business through a global sales team covering hedge funds in New York, London, Tokyo and Hong Kong.

**Black Pearl Capital today announced the official launch of Onyx MENA Fund, a Cayman Island regulated hedge fund with a target capital of $250 million focusing primarily on the MENA markets.