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New Managers
November 2014
EMERGING MANAGER BULLETIN - Latest developments within the emerging manager community
In this section, read about new hedge funds that outperform,those that close shop, a wunderkind, pension funds seeking fund managers, and new platforms. FinePoint, Three Bays are doing fine It's been a good year for a number of professionals who have left established hedge funds to start out on their own, says Bloomberg. Boston-based FinePoint Capital LP and Three Bays Capital LP are among the fledgling hedge funds to attract the most capital in 2014. Herb Wagner, who was a co-portfolio manager at Baupost Group LLC, started FinePoint this year and raised $2 billion. Matthew Sidman, who previously worked at Highfields Capital Management LP, opened Three Bays and is managing $1.2 billion. Full Faith Japan hedge fund beats peers in first month Full Faith Investment Inc., a Japan-focused long/short equity hedge fund run by former JPMorgan Chase & Co. and Nomura Holdings Inc. managers, returned 2.1 percent in its first month, outperforming peers. The company obtained approval from the financial regulator in March ... and received 3 billion yen ($28 million) of allocation from a foreign institutional investor through a managed account last month, Sadao Sakamoto, co-founder and co-chief executive officer, told Bloomberg. Strauss-Kahn's hedge fund closes down following partner' suicide, complications Following his well-publicized fall in May 2011 in New York, Dominique Strauss-Kahn (aka DSK), former head of the IMF and former finance minister, went back to France. Last year, betting on his reputation as a strong economist, he launched a hedge fund with Thierry Leyne, a French-Israelite businessman. The firm, Leyne, Strauss-Kahn & Partners (or LSK), was to focus on emerging marke...................... To view our full article please login
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