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New Managers April 2016

LAUNCHES

 

  • Former Canyon Capital analyst Yunhee Yoo is starting her own credit hedge fund, Cascade Ridge Capital in San Francisco, three sources told Reuters, and aims to launch in early 2017 with $150m in assets. She joins a growing number of high-profile women launching their own funds, among them Paulson & Co. partner Samantha Greenberg and Lone Pine-backed senior analyst Ran Li.
  • Lone Pine Capital senior analyst Ran Li is to start a new London-based equities hedge fund backed by the US firm, sources told Reuters, in what could prove one of the year's biggest European launches. Li is expected to launch Half Sky Capital with at least $110m. Lone Pine, which manages about $16 billion across equity markets globally, will back the launch with start-up capital.
  • Ramius, the global investment management business of Cowen Group, has partnered with Samantha Greenberg's newly-launched Margate Capital. Margate, a multi-sector equity long/short alternative asset manager, will leverage the institutional infrastructure and operational expertise of Ramius, which is providing seed capital to the new venture. Founded this year, Margate will pursue a fundamental long/short equity strategy emphasizing catalysts and sector themes and will deploy a rules-based risk approach to protect capital and reduce volatility.Before she founded Margate, Greenberg served as partner and media/consumer sector head on the investment team of Paulson & Co., where she managed equity investments in media, cable, consumer discretionary and staples sectors from 2009-16. Margate will initially manage proprietary capital for Cowen ......................

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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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