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New Managers August 2014

NEW LAUNCHES: Latest maiden fund launches


We recently heard of this ex-hedge funder striking out on his own:

A former top executive at Ziff Brothers Investments launched a new hedge fund with $1.5 billion, marking one of the biggest startups for the industry in 2014, according the Wall Street Journal. Ryan Pedlow's Two Creeks Capital Management LP also bound wealthy investors in a two year hard lockup, says the Journal, which adds that the only likely rival to Two Creeks in terms of size this year is Finepoint Capital LP, from Herb Wagner, a former co-portfolio manager at Baupost Group LLC. Mr. Wagner started his Boston firm in the spring and managed $2.1 billion as of May.

Former bankers and others who are also starting new funds:

Alex Turnbull, son of Federal Communications Minister Malcolm Turnbull, is planning a Singapore-based hedge fund, reports Mr Turnbull, who has been an executive director of Goldman Sachs Group's special situations group, will be the chief investment officer of Keshik Capital. The fund will be focused on Asia with flexibility to invest globally. It may start as early as January and will invest in equity and credit, including convertible bonds.

Mathew Welch, a former Temasek Holdings Pte managing director, is starting a hedge fund that invests in small and midcap firms in Asia’s developing markets where he said companies are undervalued, reports Bloomberg. The ACA Asia Dorset Fund already has commitments of $45 million and targets assets under management of $100 million within the first year.

A former Deutsche Bank AG equity analyst, whose Japan-focused hedge fund returned almost 50% in th......................

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