Sat, Feb 28, 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. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie