New Managers October 2014

New Launches: Ex-hedge funders striking out on their own:

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Village Capital Pte is seeking to raise 10 billion yen ($94 million) by the end of 2015 for a new Japanfocused hedge fund that will be run out of Singapore, says Bloomberg. Toshiya Kimura, who previously managed a Japan long-short fund as an associate portfolio manager at New York-based Tiedemann Investment, and Ichiro Takamatsu, a former hedgefund manager in Japan, began Suzaku Japan Long Short Fund this month with initial capital of 4 billion yen. Their new fund is one of three Japan-focused hedge funds that have started this year, according to Eureka hedge Pte.

Former managers at Millennium Management LLC, Ziff Brothers Investments LLC, Carlyle Group LP and TPG-Axon Capital Management LP are starting hedge funds, leading a recovery in capital raising in London, according to Bloomberg. Several funds each already have more than $100 million in assets lined up. Fredrik Juntti, previously at TPG-Axon and Citadel LLC, is forming Abberton Capital, while Christopher Dale, formerly of Millennium, is starting Kintbury Capital LLP. Both firms intend to get underway in the fourth quarter. David Fear and Michael Sidhom, former Ziff Brothers fund managers, are each working on separate startups.

Schuster Tanger is starting a fund at the age of 26, reported the New York Times in August. A former Third Point analyst, he will team up with Josh Packwood, a former associate at Citadel. The new fund, Adler, was started with a $30 million initial investment from Mr. Tanger's family, which built substantial wealth running nationwide shopping outlet m......................

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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.