'Lots of launches from people coming out of hedge funds'
"Now we see a lot of launches from people coming out of hedge funds
where they have run established funds or part of the portfolio in a hedge
fund format," Lisa Fridman, head of European Research at Pacific
Alternative Asset Management Company (PAAMCo), which invests in startup
funds, told City A.M.
We recently heard of the following ex-hedge
funders striking out on their own:
1. Ex-Gartmore manager Guillaume Rambourg started Verrazzano Capital in Paris in January with $500m; he is to launch two European long/ short funds with backing from former co-manager Roger Guy;
2. Thierry Lucas, formerly at Eton Park Capital Management, is to launch
Portland Hill Capital in London with $500m for an event-driven and
equity long-short fund;
3. Emerging markets-focused Falcon Edge Capital, set up in New
York and London by ex-Blue Ridge Capital and ex-Eton Park Capital
traders, is apparently about to start trading;
4. Former FrontPoint portfolio manager John Foo and three former
colleagues are reviving Kingsmead which he set up in 2008 and
will launch an Asia-focus......................
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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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