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New Managers May 2014

New Launches: Latest maiden fund launches

 

We recently heard of those ex-hedge funders striking out on their own (or thinking about it):

  • A former portfolio manager at Houston-based energy hedge fund Goldfinch Capital is launching a natural gas-focused fund that is expected to start trading in the summer, energy news site Sparkspread said. Mirarc Capital Management, with Goldfinch's Rick Thielke at the helm, will get "substantial" backing from an institutional investor.
  • Ken Xu, a former managing director at SAC Capital Advisors and Och-Ziff Capital Management Group LLC, is considering setting up his own hedge fund in Hong Kong, Bloomberg reports. Xu left SAC, now renamed Point72 Asset Management LP, earlier this month.
  • Former SAC Capital Advisors portfolio manager Andrew Bazarian is preparing to launch a hedge fund in Hong Kong with potential backing from Alibaba's co-founder Joe Tsai among others, The Wall Street Journal gathers. Bazarian, a 10-year veteran of SAC who left the US alternative investment fund's Hong Kong office in March, will bet on rising and falling stocks.
  • Hedge fund East Lodge, founded by ex-CQS portfolio manager Alistair Lumsden, has opened to external money, Reuters reports. East Lodge has launched the East Lodge Capital Credit Opportunities Fund and is targeting assets under management of $250 million within three months
  • Carl Icahn's son, Brett I......................

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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.
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