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New Managers January 2019

LAUNCHES: Record year for crypto fund launches: 239 new crypto funds were launched in 2018

 

1. A former top quant manager at Steve Cohen's firm is launching his own fund. Michael Graves, who was a portfolio manger at Point72 Asset Management's Cubist unit for nearly a decade, resigned from the firm in 2018. Now, he's starting his own quant-focused hedge fund and asset management firm, a source familiar with the new venture told Business Insider. At least four analysts and developers from Graves' team will join him, a source said.

2. Zynga founder Mark Pincus is raising up to $700 million for a new investment fund that will focus on publicly traded tech companies in need of strategic restructuring, Axios has learned. It's called Reinvent Capital, and Pincus is being joined by veteran hedge fund manager Michael Thompson (ex-BHR Capital). Also involved as a senior adviser is Reid Hoffman, although this is not expected to affect his full-time job as a general partner with VC firm Greylock. Expect him to only spend around one day per month on Reinvent business, with Pincus and Thompson making all of the investment decisions.

3. Adam Fisher, a portfolio manager at Soros Fund Management, is returning to running his own firm less than two years after joining the approximately $25 billion investment firm. Fisher exited the New York-based family office, which invests the fortune of famed trader and philanthropist George Soros and his family, earlier this month, two people familiar with his move told Reuters.

4. Aviva Investors is set to launch a global unconstrained fund and a global emerging market (GEM) unconstrained product next quarter, chief investment officer, equities, David Cumming said. In July, Aviva Investors poached a team of eight equity fund managers from Standard Life Aberdeen as it opened an Edinburgh office for the firm, including Mikhail Zvervev, head of global equities, and Alistair Way, head of global emerging market equities.

5. An ex-Nomura Holdings Inc. trader has started a hedge fund focused on......................

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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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