Ex-MF Global equity derivatives head Bystrom to start hedge fund
From Bloomberg/SFgate.com: Daniel Bystrom, former head of equity derivatives trading at MF Global Inc., and Neil Boyarsky plan to start Hawksfield Capital LLC, a New York-based equity volatility hedge fund, by the end of this month.
Hawksfield Capital will start with $10 million to $20 million of Bystrom and Boyarsky’s own money, as well as capital from friends and family, Bystrom said in a telephone interview. “The fund will deliver returns that are uncorrelated and often negatively correlated to the returns of the typical hedge- fund strategy,” Bystrom said. “The opportunity set expands dramatically in times of higher volatility, when most other asset classes are not performing well.”… Full article: Source
Zadig hedge fund manager Herbert sets up new fund
From eFinancialnews.com: A portfolio manager at European equities boutique Zadig Asset Management has decided to strike out on his own and has taken his €25m fund with him to a startup firm. Jonathan Herbert, who launched the Camox fund in February 2008, has set up London-based Cologny Advisors. He leads a team of five people and is now in discussions with seed investors and family offices to try and grow the fund.
In its first three years, the fund outperformed its peers: it gained 4.......................
To view our full article Click here