Wed, Apr 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Remy Trafelet reopens hedge fund after 5 years

Wednesday, February 26, 2014

Bailey McCann, Opalesque New York:

If the name Remy Trafelet seems familiar, you might remember him and his fund Trafelet Capital Management, a multi-billion dollar long/short fund founded in 1999. Before that, he became one of the youngest portfolio managers in Fidelity’s history. He started managing Trafelet by the age of 25. Now, an older, more selective Trafelet is back with a slimmed down product offering and a focus on doing what he does best - pick stocks.

"I've spent the last five years simplifying the business, so I can get back to what I love doing which is focusing on stock picking. So now it's me and a handful of analysts," Trafelet says in an interview with Opalesque.

At its height, Trafelet Capital had US, European, and global focused funds, along with some ancillary services. Then 2008 hit, and much of the firms assets came directly from big bank balance sheets. Once they started unravelling, Trafelet didn't put up gates. Instead, he gave the banks the money they put in and started trimming the fat. At that time and until just this month, the fund was closed to new investors. Now, with a new senior partner in place and a clearer focus he's opening it up, but not to just anyone. "Going forward we want to be more selective with investors and make sure our interests are aligned," he says.

Unlike a number of managers faced with steep competition for asset gathering, Trafelet doesn't necessarily need to raise a lot of capital......................

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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner