Sat, Dec 3, 2016
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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Europe - UK investors to pay more tax on money in offshore funds, Do you want to hand your money to super-algo or a Swiss banker?[more]

    UK investors to pay more tax on money in offshore funds From FT.com: Hedge funds in Dublin and Luxembourg are set to be hit by new rules that will force UK investors to pay more tax on the money they hold in offshore funds. As part of the government’s Autumn Statement on the country’s fi

  3. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  4. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  5. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan