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Benedicte Gravrand, Geneva: We heard of the golfer / hedge fund manager who met his fate in 1994 when playing against Tiger Woods – who won the tournament. A reliable industry source sent Opalesque further information on Ernest W. Kuehne, III (Trip).
After the 1994 tournament in which he decided against a career in professional golfing, Trip Kuehne went on to work on Wall Street; he now runs a hedge fund firm in Irving, Texas, and still practices golf.
His firm is called Double Eagle Capital, LLC and it runs the Double Eagle Capital Ace Fund, LP and the Double Eagle Offshore Capital Ace Fund, Ltd (the offshore fund conducts its investment activities in parallel with the onshore fund). The Double Eagle Capital Ace Fund is a portfolio of hedge funds invested with seven of the most elite fund managers in the world. The Ace Fund targets annual returns of 12-18% with volatility of approximately half the S&P 500 and twice the Lehman Aggregate Bond Index. Currently, 33% of portfolio is allocated to Long-Short US Equity, 28% to Global Macro, the rest to Long-Short International, Fixed Income, Special sits, etc. The core beliefs driving the Ace fund are worth noting: (1) the best managers prove their mettle and rise to the top in tough markets; (2) the best managers in the best strategies will outperform the masses.
The fund was launched in July 2005 and had a slow start. But it returned 50.59% in 2007, making it on...................... To view our full article Click here
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