Fri, Jul 3, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Chris Boas holds off hedge fund launch due to fundraising difficulties

Wednesday, June 12, 2013

From Komfie Manalo, Opalesque Asia – Citing money concerns, former Citadel’s global head of credit Chris Boas has put on hold his plan to launch his new hedge fund, Longwood Credit Partners LLP.

Bloomberg quoted Andrew Honnor, a spokesman for the London-based firm as saying that Boas had "decided not to pursue investor funds due to fundraising market conditions."

The 41-year-old Boas has been struggling to raise money for his hedge fund that focuses on prices differences between debt securities, as investors are not interested in putting money into a strategy that has no track record yet, Bloomberg said.

The report also cited a study by Goldman Sachs that found that only 37% of the 730 hedge fund investors it surveyed would invest into hedge funds that are less than three months old.

Boas, together with two other senior executives at Citadel’s securities unit, left the firm in January 2011. Citadel, the Chicago-based hedge fund run by Ken Griffin, started disbanding its securities business in August 2011, ending a three-year effort to build an investment bank.

In August 2012, Boas announced his plan......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner