20-year-old manager now runs $5m

Julian Marchese, 20, left New York University last year to focus on his hedge fund, Marchese Investments. In September, he said he was managing about $1m and planning to raise $3m more.

According to Business Insider, he now manages $5m.

Blue Tower up 45.35% since 2014 launch

Blue Tower believes that humans and computers are complements not competitors and thus applies advanced analytics to classic value investing.The Blue Tower Global Value strategy returned 15.93% gross of fees in Q3 2016 (15.61% net) and for 2016 year-to-date, it has returned 28.44% gross of fees (27.42% net). Since inception in Jan 2014, the fund is up 45.35% net.

In this Q3 investor letter, Oskoui points out that "this has been the best quarter, performance-wise, for the strategy and comes on the heels of what was the previous best quarter. One of our investments which has been successful for us has been Tyson Foods."

Half Sky has gathered employees

London-based Half Sky Capital,a new hedge fund focused on technology media and communications, has at least five employees, according to eFinancialCareers: Aamod Mishra, who has previously worked at Threadneedle Investments; Ran Li, a former Lone Pine Capital managing director; Mourad Bahri, latterly founder of Harvard Incubator Brevo, joined the investment team; Chris Marshall, latterly COO of hedge fund Amiya Cap......................

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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.