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New Managers February 2012

Launches
A recapitulation of maiden launches in January and early February

'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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