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
24/02/2010
Self-trader to launch maiden hedge fund
Mark Trounce, who has been trading foreign exchange (FX) since February 2008, is gearing up to launch his maiden hedge fund.
He recently formed London-based Pinpoint Capital Investments, which will initially launch the strategy as a managed account structure before rolling out the hedge fund version.
The strategy, an FX offering, will trade futures and commodities using high-frequency methodology.
For the launch, Trounce is looking to build a team of 12 traders worldwide, both manual and automated strategy developers trading intra-day and high-frequency analysis.
The fund will have a $1m investment minimum and 2/20 fees.
Trading on his own during the last two years, Trounce has averaged annualised returns of 20%
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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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