Mon, Sep 23, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Eschler's long/short hedge fund gains from gold, uranium and energy-related industrials

Tuesday, August 27, 2019

amb
Theron de Ris
B. G., Opalesque Geneva:

Eschler Asset Management LLP's founder Theron de Ris, who launched a small long/short deep value hedge fund seven years ago while working full time, tells Opalesque about his fund's evolution since his April 2013 interview with New Managers.

"I spent the first several years managing capital for friends and family and building a track record (alongside a day job at Indus Capital)," de Ris says. "Since 2017, I've been managing the fund full-time out of the same office in Savile Row, London. We are now a full-time team of three, myself as portfolio manager, a COO and a director of marketing. We have a dozen investors in the fund, which is now CIMA registered, and we are now (finally!) opening to outside capital. Last but not least, we've secured working capital for the management company and have a couple of years of operating expenses in the bank."

The Recovery Fund launched in October 2012 with $2.2m in AuM split between his own savings and two external backers. Now the fund is bigger and he is targeting $15m by year-end 2019.

The original fund is now in a B share class, with the same fee characteristics: 0% for management, 25% for incentive above a 6% hurdle, and a minimum subscription of $5m. A new A share class charges 1% for management and 15% for performance above a 3% ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Albright Capital builds on emerging markets impact strategy, signs on to IFC principles[more]

    Bailey McCann, Opalesque New York: Albright Capital has adopted the International Finance Corporation's Operating Principles for Impact Management. The firm has also developed its own impact measurement system as part of the implementation of the principles. The IFC's principles were

  2. Investing: Hedge funds getting burned as growth stocks trounced by value, Why investors are prioritizing health care in a big way, Fannie, Freddie soar as hedge funds score wins on two fronts[more]

    Hedge funds getting burned as growth stocks trounced by value From Bloomberg: A hedge-fund favorite is rapidly losing ground in the stock market just as one of the industry's least-loved sectors picks up. Growth stocks, generally companies that are seeing rapid profit increases, have drop

  3. PE/VC: Supersized unicorn: Root Insurance leaps to $3.65bn valuation with $350m round[more]

    Root Insurance is now valued at $3.65 billion after a $350 million funding round - the largest single venture capital round ever in the state. The 3-year-old auto insurer, now the startup with the highest valuation of any in Ohio, has raised a cumulative $523 million in VC and another $100 mi

  4. Testing hedge performance when stocks crash[more]

    Bonds have historically been a reliable buffer for stock exposure. But low yields and potential reversion to a more positive stock/bond correlation would likely translate to less protection. Gold has been a solid crisis hedge but has experienced long stretches of negative inflation-adjusted returns.

  5. PE/VC: The FBI is investigating a venture capital fund started by Peter Thiel for financial misconduct, Why venture capital firms need more women partners and entrepreneurs[more]

    The FBI is investigating a venture capital fund started by Peter Thiel for financial misconduct From Vox: Federal investigators are probing the conduct and practices of Mithril Capital, a venture capital firm co-founded by Peter Thiel, Recode has learned. US officials - including t