Sun, Nov 29, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers October 2014

New Launches: Ex-hedge funders striking out on their own:

 

  • Village Capital Pte is seeking to raise 10 billion yen ($94 million) by the end of 2015 for a new Japanfocused hedge fund that will be run out of Singapore, says Bloomberg. Toshiya Kimura, who previously managed a Japan long-short fund as an associate portfolio manager at New York-based Tiedemann Investment, and Ichiro Takamatsu, a former hedgefund manager in Japan, began Suzaku Japan Long Short Fund this month with initial capital of 4 billion yen. Their new fund is one of three Japan-focused hedge funds that have started this year, according to Eureka hedge Pte.
  • Former managers at Millennium Management LLC, Ziff Brothers Investments LLC, Carlyle Group LP and TPG-Axon Capital Management LP are starting hedge funds, leading a recovery in capital raising in London, according to Bloomberg. Several funds each already have more than $100 million in assets lined up. Fredrik Juntti, previously at TPG-Axon and Citadel LLC, is forming Abberton Capital, while Christopher Dale, formerly of Millennium, is starting Kintbury Capital LLP. Both firms intend to get underway in the fourth quarter. David Fear and Michael Sidhom, former Ziff Brothers fund managers, are each working on separate startups.
  • Schuster Tanger is starting a fund at the age of 26, reported the New York Times in August. A former Third Point analyst, he will team up with Josh Packwood, a former associate at Citadel. The new fund, Adler, was started with a $30 million initial investment from Mr. Tanger's family, which built substantial wealth running nationwide shopping outlet m......................

    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. Renaissance, Two Sigma see losses as quant giants navigate chaos, Hedge fund run by BofA veterans trounces 99% of Brazil peers, Amid a tough year, CQS makes changes - and sees a rebound[more]

      Renaissance, Two Sigma see losses as quant giants navigate chaos From Bloomberg: Two of the hedge fund industry's quantitative powerhouses are getting tripped up this year as wild markets throw off their investing models. Renaissance Technologies, which manages the world's biggest q

    2. Investing: Hedge funds bet on tech ahead of unpredictable fourth quarter, The Tiger crowd's fresh buys, raises Uber stake, David Einhorn adds Twitter and Intel shares, keeps big bets on inflation, Palantir stock rockets to record highs as hedge funds disclose stakes, Trian dumped GE stock, but Druckenmiller stood pat in Q3 as SEC probe heated up[more]

      Hedge funds bet on tech ahead of unpredictable fourth quarter From Bloomberg: Hedge funds mostly stuck with the safety of technology stocks during the third quarter as they headed toward the uncertainty of this month's U.S. election. If they're still holding on to those wagers, it will

    3. SPACs: As Ackman hunts blockbuster deal, he counts on big backers[more]

      From Reuters: Hedge fund veteran William Ackman has the support of some of Wall Street's top investors as he tries to pull off the biggest-ever deal carried out by a blank-check acquisition company, according to regulatory filings published in the last few days. Among the heavy hitters rounded u

    4. Bill Ackman is bullish on stocks for 2021, but has a hedge position for a 'tragic' end to 2020[more]

      From CNBC: Billionaire hedge fund manager Bill Ackman, who made big money betting against the markets earlier this year, said he's optimistic about a recovery in 2021, but investors will need to get through a "tragic" year-end first. "We think the next couple of months unfortunately are going to

    5. SPACs: Media, energy-focused SPACs raise $561m in market debuts[more]

      From Law 360: Two blank-check companies, one led by former Disney executives and the other backed by Apollo Global Management, started trading Wednesday after raising a combined $561 million in initial public offerings. Forest Road Acquisition Corp. raised $261 million in its upsized debut, wh