Alternative Market Briefing

Launches – Former multi-billion dollar hedge fund manager Sal Naro to launch Coherence Capital Partners LLC, Hintze’s CQS starts ABS hedge fund after prices fell last year, Barclays Capital plans global macro onshore fund launch

Monday, February 06, 2012

Former multi-billion dollar hedge fund manager Sal Naro to launch Coherence Capital Partners LLC Sal Naro, former co-managing partner of Sailfish Capital, a $4.4 billion asset management firm with approximately $2 billion in hedge fund assets, is announcing the launch of Coherence Capital Partners LLC (Coherence Capital). Mr. Naro was most recently a shareholder in and Vice Chairman of Jefferson National Financial Corp. and Chief Executive Officer of Jefferson National Asset Management. The creation of Coherence Capital Partners LLC is the result of a management buyout of Jefferson National’s core insurance unit. He will now be Chief Executive Officer of Coherence Capital Partners LLC, which will be a registered investment adviser.

Coherence Capital will manage traditional and non-traditional fixed income assets for a broad audience of investors. In addition, Coherence, as a third party advisor, will continue to conservatively manage, using the insurance company’s investment guidelines, a portion of Jefferson National’s general account portfolio of $100 million in value, as well as provide risk monitoring and advisory services for a portion of their reinsurance contracts. Coherence Capital’s headquarters will be located in the West Village of Manhattan, at 435 Hudson Street… Full press release: Source

Hintze’s CQS starts ABS hedge fun......................

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