We now have an idea of how many hedge funds have been launched
globally so far this year: more than 100 as at the end of March, claims
Singapore-based data provider Eurekahedge. Half as much as last year's
Q1, but let's wait till later in the year to get the final numbers.
We Recently Heard of The Following Ex-Hedge
Funders Striking Out On Their Own:
1. Steve Eisman, who left FrontPoint Partners LLC last year, raised $22.9m
from friends and family for his new hedge fund, Emrys Onshore Fund,
which started trading March 1.
2. Athos Capital Ltd, backed by Ascalon Capital Managers, a unit of
Australia's Westpac Banking Corp, launched an event-driven hedge fund
investing in Asia-Pacific. Athos was founded by former Tiresias Capital
portfolio manager Matthew Moskey and trader Erik Senko, together with
ex- Black's Link Capital Fred Schulte-Hillen.
3. Thierry Lucas, Eaton Park Capital portfolio manager until last year, will
start his new fund, Portland Hill Capital, on 1 May.
4. Long/short technology hedge fund Lamond Capital Partners began
trading April 2 with at least $175m from institutional investors, including
$150m in seed money from Meritage Group. This is only the second hedge
fund seeding deal for Meritage, the $8bn multi family office that mostly
manages money for Renaissance Technologies execu......................
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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.
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