Articles tagged with launch
08/09/2010
A group of industry veterans from Merrill Lynch have reunited to launch their maiden hedge fund, HFMWeek has learned.
Kirk Donaldson, James Winder and Michael Oberdorf have set up Quidnet Capital Partners and soft-launched their maiden global macro strategy this month.
According to a source familiar with Quidnet’s plans, the New York- and London-based manager will hard-launch next month with approximately $40m from global high-net-worth individuals and family offices. The fund, which has a $2bn capacity, will invest in predominantly large-cap equities and derivatives.
Winder and Oberdorf are the fund’s portfolio managers. At
08/09/2010
Bill Geisler and Costas Hamakiotes, two emerging markets investment veterans, are gearing up to launch another hedge fund.
The duo formed New York-based Asymmetry Capital and are expected to roll out the Emerging Markets Global Opportunities Fund in the first quarter with 150m in commitments. The offering will trade currencies, equities, credit and interest rates with a maximum of 25% in equities.
Bill Geisler, managing partner, said he and Hamakiotes decided to launch a global emerging markets macro fund in light of expected future growth in the space.
“It's been a long-term view
08/09/2010
Chris Huffman, formerly an equity analyst at ClariVest Asset Management, has launched his maiden hedge fund, HFMWeek has learned.
Huffman formed San Francisco-based Rincon Hill Capital to roll out RHC Partners Fund I, a long/short emerging markets-focused strategy.
The fund, which launched with less than $20m of internal capital and commitments from high-net-worth individuals, invests in 28-29 defined emerging markets and currently has under 100 positions, but is targeting upwards of 140.
Additionally, the portfolio will invest in American depositary reciepts (ADRs) and take short positions domestically.
Erik Haus, COO, said
08/09/2010
Veda Asset Management, an India-dedicated alternative investment manager based in New York, will add its seventh managed account next month to its Veda Multi-strategy India Fund.
The upcoming managed account is a systematic market neutral strategy that trades equities and equity options volatility and is 100% India-focused.
Ridaa Murad, managing member, said Veda decided to set up the latest managed account as its performance was high compared to the relative risk it took on to generate the returns.
“The manager’s returns are uncorrelated with the index returns and with my current portfolio’s returns,”
08/09/2010
Brian Zied, most recently a partner at Maverick Capital, has set up his maiden hedge fund, which will debut in October.
After forming New York-based Charter Bridge Capital Management, the flagship Charter Bridge Capital Partners onshore and offshore funds will launch with both internal capital and global institutional commitments. According to a source familiar with Zied’s plans, the fund will implement a global long/short equity strategy with an emphasis on consumer-related companies with market capitalisations of $500m and over. It holds 25 positions on average on both the long and short sides.
Zied worked at
08/09/2010
Marilyn Kane, who has a background in commercial real estate, has set up her maiden hedge fund.
Kane formed New York-based Iridium Capital and has launched the IC Income and Growth Fund, which will purchase single-tenant net lease properties with a focus on retail, medical and industrial buildings in the Midwest and South of the US.
“People who are not versed in commercial real estate stay away from it because they are afraid of volatility,” she said. “We wanted to give an investor peace of mind to mitigate the inherent volatility in real estate and
08/09/2010
Gam and credit manager DCI have jointly launched one of the first Ucits III-compliant market neutral credit funds.
The Gam Star Diversified Market Neutral Credit aims to produce absolute returns with low correlation to fixed income markets through investing in a highly diversified long and short portfolio of mispriced, predominately investment grade credit.
San Francisco-based DCI uses leading-edge quantitative systems to determine corporate default probabilities and to value corporate credit instruments. It then constructs risk-matched and diversified long and short portfolios to exploit mispricings.
DCI’s managing partner and CIO Stephen Kealhofer has developed
18/08/2010
Anchor Capital, an Orange County, California-based advisor specialising in quantitative long/short high-yield bonds and long/short equity strategies, has launched a hedge fund structure from one of its separately managed accounts.
Last month, the firm debuted the Alteras Fund, an extension of one of its separately managed accounts, with 75% of the portfolio in alpha high-yield long and short securities and the remaining 25% in long/short equities. All the fund’s positions are index-based and highly-liquid. The offering, which has a 750m capacity, has no lock-up and 30-day liquidity.
“We launched the Alteras Fund to meet the
18/08/2010
London-based fund of hedge funds (FoHF) Key Asset Management, part of Swedish bank SEB, is preparing to launch its first Ucits FoHF.
According to chief investment officer Chris Jones, the move was primarily driven by an increase in client demand. “We have definitely perceived a need, especially in the high-net-worth area,” he told HFMWeek. “Clients want the comfort of a Ucits stamp, as well as the liquidity that can be offered by Ucits.”
He stressed that while this is the first launch of its kind for the firm, the yet-to-be-named fund is “well-supported by SEB”,
18/08/2010
Morgan Stanley has launched its first Ucits III fund on its FundLogic Platform as the firm prepares plans to make further moves into the space over the next few months.
The fund, which will be managed by alternative fund management firm P Schoenfeld Asset Management, will provide investors with exposure to a global event-driven strategy.
HFMWeek first reported on plans for Morgan Stanley’s Ucits offerings to be launched under its FundLogic brand last month, as well as revealing that the bank had begun incorporating outside managers for its Ucits offerings earlier in the year.
