New Managers April 2014

NEW LAUNCHES: Latest and announced maiden fund launches

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We recently heard of those ex-hedge funders striking out on their own:

Magnetar Capital LLC's Min Htoo and Jordan Teramo plan to start an event driven hedge fund as investor demand for the strategy helps push industry assets to a record, reports BusinessWeek. Htoo, a partner at the $10bn investment firm, will be CEO of Anandar Capital Management LP, which aims to commence operations in May.

Former Soros managers Kenneth Lee and Michael Yoshinowill start a Hong Kong-based hedge fund in the third quarter of 2014 with at least $150 million in initial capital including seed capital from HS Group, making it one of the biggest start-ups in the region this year, reports Reuters. The long/short equity hedge fund firm, Pleiad Investment Advisors, will focus on investments in China and Japan.

The original architects of PIMCO's Unconstrained Bond Fund have teamed up for a new unconstrained fund utilizing their existing experience and best new ideas. The Anfield Universal Fixed Income Fund (AFLIX), takes a "go anywhere" approach to managing fixed income, seeking to be more opportunistically positioned compared to traditional, benchmarked core plus funds. "As interest rates begin to normalize and inflation follows suit, fixed income investors need a flexible-core strategy that isn't wed to a benchmark and has few investment restrictions in the attempt to achieve risk-managed returns regardless of interest rate movements," said David Young, Founder and CEO, in an interview with Opalesque.

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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.