Wed, Dec 17, 2014
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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  4. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und

  5. Performance - Lansdowne, Man Group, other hedge funds profit from shorts in oil, Turmoil boosts hedge funds that bet against Russia, oil, CTAs post strongest returns since December 2010[more]

    Lansdowne, Man Group, other hedge funds profit from shorts in oil From Valuewalk.com: The rising short interest in oil companies implies that the worst for oil is yet to come. Data from Markit shows that short exposure in energy sector of S&P 500 is still looming close to the highest mar