Andrew McGrath's Burren Capital launches with $500 million

June 20th, 2010
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In a year that has already seen 254 hedge fund launches, hedge fund management firm Burren Capital has reportedly become the largest hedge fund launch of the year with over $500m raised for its hedge fund. According to Financial Times, BNP Paribas veteran Andrew McGrath's alternative asset management firm's decision to manage money from Gibraltar as opposed to London was considered a bold move seeing as London is widely considered to be Europe's capital for alternative asset management firms.

Burren Capital will focus on global macro and event driven investing. Additionally, Burren Capital's new Burren Global Arbitrage Fund, which opens July 1, already has a wait list for investing beyond the principal $500m.
For Detailed Investor Profiles on these Investors, click below:
Burren Capital Advisors
Related People: Andrew McGrath; Duncan Heyes; Mark Thomson; Shabir Chowdhary
Related Entities: BNP Paribas*; Burren Capital Advisors Limited; Burren Global Arbitrage Fund
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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