|
|
By Beverly Chandler, Opalesque London:
With what, with the benefit of hindsight, they cheerfully admit was the worst sense of timing in the world, four partners with strong hedge fund and asset management pedigrees set up Callanish Capital Partners in July 2008.
In an interview with Opalesque, Eoin Murray, chief executive officer, and Kristy Barr, head of investor relations, the pair recounted exactly how tough it has been for them and all emerging managers over the past couple of years. Mid 2010 saw a change in Callanish’s fortunes with the arrival of seed money.
Seeded by IMQubator, the Netherlands-based seeding platform for Dutch pension fund APG, The Callanish Global Macro Fund started trading in May 2010 and achieved performance of 7.6% in its first eight months. Murray explains: “The fund is a systematic global macro offering, classically relative value, entirely quantitative and very disciplined in its implementation.” Headline fees are 2% management and 20% performance and minimum investment is 1m Euros ($1.4m).
Despite the difficult timing of their start, the firm managed to attract the attention of seeding firm IMQubator who started them with 25m Euros ($35m). Barr says: “They liked the pedigree of the partners and our institutional infrastructure and on the product side they liked our risk managed approach. We place a lot of importance on risk management and our risk model in particular. We also felt that we had a similar philosophy and sim...................... To view our full article Click here
|
|
RSS
