Launch activity has remained strong in 2012 with more than 150 funds
launched worldwide as at the end of April 2012, data provider Eurekahedge said.
We recently heard of the following ex-hedge
funders striking out on their own:
1. Kelvin Woo and Joe Zhang are leaving GLG Partners Inc., the Londonbased
hedge fund bought by Man Group Plc in 2010, to set up their own
Asia-focused macro hedge fund.
2. Steve Pei, a former executive at $17.4bn Canyon Capital Advisors,
secured a $25m seed deal from Q Investments to launch a multi strategy
hedge fund firm, Gratia Capital, in Los Angeles.
3. As the Centaurus Energy Master Fund is unwinding positions and
returning money to investors, former Trader Bill Perkins may be starting
an energy focused fund specializing in trading natural gas, called Skylar Capital Management: the launch would be on July 1 in Houston.
4. Three experienced hedge fund executives who used to work at Eos and
Alden Capital launched a new hedge fund firm that will focus on investing
in global credit opportunities, with an emphasis on Europe: Eli Combs,
Matt Meehan and Jim Plohg formed MeehanCombs LP. Global placement
agent Park Hill Group later said they would repr......................
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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.