Wed, Nov 26, 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 - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  5. Gross: Inflation is required to pay for prior inflation[more]

    Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to