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New Managers July 2014

NEW LAUNCHES: Latest maiden hedge fund launches

 

We recently heard of this ex-hedge funder striking out on his own:

  • Solomon "Sol" Kumin, former COO of SAC Capital Advisors, is planning to launch a stock trading hedge fund firm with much of the start-up capital to come from Leucadia National Corp., according to the Wall Street Journal. The firm would start with capital ranging between $800 million and $1 billion, making it one of biggest hedge funds to launch in 2014.
    • Former bankers and others who are also starting new funds:
  • Daniel Masters, a 50-year-old veteran commodities trader, moved to a tiny island off the coast of France called Jersey, which this week opened its doors to the island's first fully regulated Bitcoin hedge fund. According to NewsWeek, the new fund, dubb......................

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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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