Mon, May 25, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

NewAlpha AM makes 14th strategic investment in G Capital global macro fund

Friday, June 04, 2010
Opalesque Industry Update - NewAlpha Asset Management, a French alternative investment specialist, announced its 14th strategic investment in the G Capital Fund managed by G Capital Management, LLC.

The G Capital Master Fund implements a discretionary Global Macro strategy across global rates, foreign exchange, liquid commodities and developed market equity indices through a combination of extensive macro markets experience and advanced quantitative and fundamental analysis capabilities.

Based in New Jersey, G Capital, LLC is a 100% employee-owned investment management firm founded in 2009 by Peter C. Gerhard, a former partner, Managing Director and senior trading manager at Goldman Sachs & Co. Peter spent his entire career at Goldman Sachs from 1983 to 2006, and was named a partner in 1994. Peter actively traded and managed risk allocations across the global macro proprietary trading businesses at Goldman and also held a number of senior leadership roles including FX and Money Markets as Global Head, Emerging Markets and Global Rates as Co-Head until his retirement in 2006. Peter was a member of Goldman Sachs Firmwide Risk Committee and also a member of the Operating Committee of FICC.

Peter is joined by a number of other GS alumni as senior principals at G Capital. They include Mel Gunewardena, a Goldman alumni (1994-2006), a former GS Managing Director, where he was responsible for building and globally leading the Fixed Income and FX Prime business. In 2006, Mel moved to Deutsche Bank’s Global Markets Division as a Managing Director and Global Head of the Fixed Income and FX Prime Brokerage business prior to teaming up with Peter in 2009. Also joining Mel and Peter is Ian McDonald, another Goldman alumni (1998-2007) and former Managing Director. Ian was a key member of the Strategies group within the Fixed Income Currency and Commodity Division and the head of Macro Strategies at Goldman Sachs. Ian has a strong background in quantitative and market research and trading strategies in macro markets. In addition, the firm also has James J. Solano, who started his career at BT Alex Brown in 1993 before spending 9 years at Deutsche Bank as a Director to 2008 in the Institutional Client Group. Jim has extensive expertise in working with middle market, institutional and high net-worth clients.

The G Capital Fund is currently managed by a team of 3 seasoned investment professionals led by Peter Gerhard. Additionally, a number of very senior hires are under way to expand the portfolio management capabilities. The firm’s key principals have all proven track records in business building and leadership and have complementary skills. In addition, the senior principals have all worked closely together over many years through their experiences at Goldman Sachs.

The Fund was launched in January 2009 and now has more than $100 mm in assets under management. It has delivered more than 21% net in 2009 and is already +5.5% as of end of May 2010 including +65bps in May when most hedge funds are reporting losses.

NewAlpha will invest in the G Capital Fund through its current alternative investment vehicle, a closed end fund dedicated to institutional investors seeking exposure to early stage managers. To meet rapidly growing investor demand for such an ’alternative’ to hedge funds and funds of hedge funds’, NewAlpha is preparing the launch of another investment vehicle with an AUM target of $ 250 mn for the second half of 2010. Corporate website: www.newalpha.net

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. New market regime has created more dispersion between managers[more]

    Komfie Manalo, Opalesque Asia: The month of April has marked the transition toward a new market regime, Philippe Ferreira, Lyxor AM’s head of research, managed account platform, commented in the May 5's Weekly Briefing. "The first quart

 

banner