Sat, Aug 30, 2014
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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest