Fri, May 6, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers February 2014

NEW LAUNCHES: Latest and announced maiden fund launches

Bankers and lawyers believe 2014 will be very busy for launches

A host of notable hedge-fund startups are expected to begin operating in 2014, each with at least $500 million-and in one case $2 billion-to invest. Bankers and lawyers who work with such funds told the Wall Street Journal this is likely to be the busiest year for launches since the financial crisis.

The Journal cites Mr. Parsons, who was a top portfolio manager at Viking and who launched Junto Capital Management LP Jan. 1 in New York with roughly $500 million; Yen Liow(formerly of Ziff Brothers Investments, a multibilliondollar firm that is shutting down its internal hedge fund), who raised more than $1 billion for his global stock-focused hedge fund Aravt Global, which started trading this month in New York; Mr. Wagner, the co-portfolio manager at Baupost with founder Seth Klarman until he left in 2012, whose Boston-based Finepoint Capital LP is expected to launch in May with $2 billion, including a significant investment from Mr. Wagner himself; and Paritosh Gupta, who for eight years was a managing director at $3.5 billion hedge-fund firm Brahman Capital Corp., and who this month started his own fund focused on the outcomes of mergers, acquisitions, spinoffs and management changes.

"It's a leap of faith, but you're betting on yourself," Mr. Gupta, 35, who started stock hedge fund Adi Capital Management LLC in January with $120 million ($100 million of it from Chicago-based Aur......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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 - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n

  2. Opalesque Exclusive: Hedge fund talent, fees take a hit at the Milken Global Conference[more]

    Bailey McCann, Opalesque New York: It's been a rough year for hedge funds and now, even other managers are panning them. "Frankly, I’m blown away by the lack of talent," was Point 72 CEO Steven Cohen's assessment of trying to find candidates to hire in the investment business at a panel o

  3. Hedge funds fell in April as alternative UCITS surge in Europe[more]

    Komfie Manalo, Opalesque Asia: Hedge funds shed more in April with the Lyxor Hedge Fund Index down 0.9% during the month (-2.8% YTD), but there was some good news with alternative UCITS showing strong inflows in Europe. In its Weekly Briefing, Lyxo

  4. Global hedge funds recover in April on resurging energy commodities[more]

    Komfie Manalo, Opalesque Asia: Global hedge funds recovered in April with the HFRX Global Hedge Fund Index gaining +0.41% last month (-1.47% YTD), while the HFRX Market Directional Index gained +5.31% during the same

  5. AIG lost $349m in hedge fund portfolio in Q1[more]

    Komfie Manalo, Opalesque Asia: Large US insurance group AIG lost a net $183m for the first quarter 2016, year-on-year. The group blames the loss on the impact of market volatility on investments, as well as net realised capital losses and restructuring costs. Its hedge fund portfolio made a n