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Bailey McCann, Opalesque New York for New Managers:

A finance teacher at Oxford University, Jeff Henriksen, is launching a new value-oriented hedge fund. The fund is expected to launch with seed capital to start building a track record in early 2017.

The new firm - Thorpe Abbotts Capital - will run a behavioural-financed based value investing strategy with a long bias that exploits temporary deviations in security prices from their fundamental value. The fund will maintain a holding period of 1-3 years and keep roughly 25 companies in the strategy. Henriksen and his analysts will consider a global investment universe when looking for companies to include.

"The companies we will be looking at will typically be smaller in nature and obscure, with little coverage," Henriksen explains in an interview with Opalesque. "We will also be looking throughout the capital structure for opportunities in equity and credit."

Investors pulled $80 billion from hedge funds in 2016, according to data from eVestment. New funds are continuing to come to market, but it could be rough sledding. Data from HFR shows that 170 funds launched in the third quarter of this year, the lowest figure since 2009. Henriksen and the firm are hoping to guard against that by launching with a strong initial investment from friends and family. "We've got enough seed capital to be able to focus on investing for at lea......................

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