New Managers January 2015

NEW LAUNCHES: New launches from new fund managers

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Ex-hedge funders striking out on their own:

Chris Rokos, who generated more than $4 billion as a trader at Brevan Howard Asset Management, will start his own hedge fund with the backing of his former employer after settling a lawsuit against the firm, reports Bloomberg. Rokos, 44, sued the company last year, seeking to void an agreement that restricted him from managing outside investors' money until 2018. The firm is likely to be the largest hedge fund startup in London this year, with bankers expecting him to raise billions as other European-based macro funds struggle.

Solomon "Sol" Kumin, the former chief operating officer of Steven Cohen's SAC Capital Advisors, is launching his own hedge fund, Folger Hill Asset Management LLC, with about $1bn in assets. Lisa Baroni, a former U.S. Attorney who was part of the team that prosecuted Bernard Madoff, was appointed as Forger Hill's chief of compliance. Kumin secured a $400m investment from Leucadia in August last year. Folger Hill plans to focus on buying and selling stocks through several trading teams.

Three former employees of BlackRock, Macquarie Group and Millennium Capital Management, Christopher Lee, Michael Friedlander and Burke Lau have formed the Zentific Investment Management, a market-neutral hedge fund which will start trading next year in Hong Kong. Hong Kong-based HS Group, which provides long-term capital to newer hedge funds, will be one of their first investors.

Four executives at Houson-based Velite Capital, trader Brad King, analysts Nikhil Surana, Stephen Naehr and 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.