Regulatory load mounts for European managers
Late last week in London, the current state of hedge fund industry regulation was ably summarised by panellists at The IMS Group Regulatory Forum
17/02/2010
Ex-Putnam veteran launches maiden fund
Brian DeChristopher, formerly with Putnam Investments, has launched his maiden hedge fund, HFMWeek has learned.
After forming Boston-based Chordant Capital Partners, the Chordant Lifesciences Fund debuted this month. The offering is a long/short global healthcare and life sciences fund with a slight
long-bias. It has 20 long positions and 20-30 shorts. Its capacity is $500m.
DeChristopher, the fund’s portfolio manager and founder, was a healthcare analyst and portfolio manager at Putnam Investments.
Last year, the BarclayHedge healthcare and biotechnology index returned 28% and is down slightly at the start of 2010.
Stocks in the healthcare sector continue to trade at a greater discount to historical premiums. Today healthcare stocks discount to the S&P 500 is around 15% and was trading at an 11% discount
between 2005 and 2008.
The fund has a $250,000 investment minimum, 1.5/15 fees and a one-year lockup. Jefferies & Co and JP Morgan are the prime brokers.
- Share
-
Text Size
Decrease text size
Increase text size
Editor's view: 1 February 2012
It’s well known that our industry likes to be viewed as on-trend, an early adopter, and generally ahead of the curve
Comment: William Keunen
"The administration function will continue to expand its horizons to meet the demands of the increasingly complex environment"
The institutional outlook
A recent survey of institutional hedge fund allocators gives insight into current and future allocations
Read MoreInvestor demand for CTAs is on the rise, says Agecroft Partners
Agecroft Partners is seeing widespread demand from institutional investors for Commodity Trading Advisors (CTAs), which is a dramatic change from the historical reluctance of many institutional investors and their consultants to allocate to this strategy.
Read More29/02/2012
UK: Opera Standards: The Challenge and Opportunities of Standardising Hedge Fund Risk Reporting
Join us and our panel of experts for HFMWeek's Subscribers' Club February's UK breakfast briefing…
29/02/2012
US: Endowments and Foundations in Hedge Funds
The next US HFMWeek Subscribers' Club breakfast, will take place on Wednesday February 29. Join…
02/02/2011
European Hedge Fund Services Awards 2012
HFMWeek's European Hedge Fund Services Awards are designed to recognise companies that have outperformed...
Be the first to comment on this article!