Bainbridge Partners buys $20m stake in Alcazar's energy hedge fund

Joaquin Narro

Bainbridge Partners, a London based alternative investments firm with $800 million in assets, has entered into a strategic relationship with Alcazar Investment Management Ltd, providing a $20 million investment into the Alcazar Renewables Generation Trading Strategy.

Alcazar, founded by Joaquin Narro in 2012, offers an energy futures trading strategy that monetizes opportunities created by the sustained expansion of renewable energy markets. Alcazar focuses on regional electricity, coal and gas.

Joaquin Narro, who has a PhD in Nuclear Physics, is a veteran of the hedge fund industry. He co-founded Cumulus in 2005, where he was pivotal to establishing and managing their energy trading strategy. The trading program will be available to external clients via managed accounts, or via a soon-to- be-launched fund vehicle... (full press release).

KKR, Ziff, Goldman Sachs, Blackstone back new Asian hedge funds

KKR & Co., Ziff Brothers Investments and Goldman Sachs Group Inc.'s money management unit entered partnerships providing startup capital to hedge funds in Asia for the first time in the past year, reports Bloomberg...

Among those striking deals with large backers is FengHsiung, former regional head of York Capital Management who's starting his own pan-Asian event-driven hedge fund in the first quarter. He formed a long-term strategic partnership with KKR, the New York-based private-equity firm run by billionaires Henry Kravis and George Roberts.

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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.