Does loyalty lie with the lawyer or the law firm?
Big changes were afoot in the London hedge fund legal scene last week, after New York-based Akim Gump swooped on Simmons & Simmons
17/02/2010
Stevens launches maiden hedge fund
Quinten Stevens and Amy Stevens, who previously worked at Wachovia Securities and Lazard Asset Management, respectively, have set up their maiden hedge fund.
After forming Connecticut-based Stevens Asset Management, they launched the flagship SAM Partners Fund 1 last month. The fund has an initial capacity of $250m and implements a long/short strategy primarily focused on US equities, but with the potential to invest in international equities, commodities and fixed income. With 40 to 100 positions, it spans all market capitalisations.
Stevens hired Ed McCormick, managing director and research analyst, from Myca Partners and Andrew Atha, COO, from Pivot Capital, for the launch.
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Editor's view: 8 February 2012
Speculative moves, a perceived landgrab and a potential bidding war in the hedge fund sector have all opened up in recent weeks
Comment: Julian Korek
"Advisers need to be analysing key considerations and determining where they fall in the spectrum of SEC registration; no easy task given the scope of the legislation"
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