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Benedicte Gravrand, Opalesque Geneva for New Managers:

Ledbury, an emerging hedge fund shop launched by Michael Alsalem, started trading last month.

Ledbury Capital Partners LLP is a London-based investment manager specializing in deep value special situations European equities and co-founded by CIO Michael Alsalem and COO Chude Chidi-Ofong, according to Wells Fargo. Previously Alsalem worked at Centaurus Capital, Highbridge Capital Management, Kingdon Capital and K Capital; and Chude Chidi-Ofong worked at Eton Park International LLP, Caxton Europe Asset Management Ltd and DE Capital Management LLP.

Protégé Partners reportedly backed the firm. Protégé is a New York-based specialized asset management firm that was founded in 2002 by Jeffrey Tarrant and Ted Seides to focus exclusively on investing in established smaller hedge funds and select emerging managers.

The Ledbury Capital Master Fund Ltd, which launched in July, runs a European-focused value-driven equity and special situations strategy.

Wells Fargo Global Fund Services was selected to provide daily fund administration and middle and back office ope......................

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