Hedge Fund Launches Heating Up, but with Lower Assets

October 20th, 2009
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The recent strain on the financial markets took its toll on the volume of new hedge fund launches last year, with the number of new funds falling to just over 650 from its peak at over 2,000 in 2005. As investors’ opinions about the markets has begun to normalize, the number of start-ups is growing again, but these new hedge funds are not attracting capital that they used to, as very few will launch with over $1 billion.

According to an article from Reuters, investors’ interest is shifting towards easily-traded securities and funds that focus on Asia or distressed prices and debt. Many of the new hedge funds will be headed by former portfolio managers and traders who have left well known managers to start their own firms.

Such funds that have already launched include Tyrus Capital, founded by Tony Chedraoui, formerly of Deephaven Capital; Harness Investment Group, founded by Philippe Peress after he left Fortress Investment Group; Beacon Light Capital, founded by Ed Bosek and Noam Ohana, both formerly of Atticus Capital; RoundKeep Capital Advisors, founded by former Citadel Investment Group manager Ervin Shindell; and Roc Capital Management, opened by Arvind Raghunathan, a former global arbitrage head at Deutsche Bank.
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For Detailed Investor Profiles on these Investors, click below:
Atticus Capital
Beacon Light Capital
Citadel Investment Group
Tyrus Capital SAM
RoundKeep Capital Advisors
Pilgrim Partners Asia Pte
Roc Capital Management LP
Related People: Brandon Haley; Albert Ee; Anupam Ghose; Arvind Raghunathan; Becket Wolf; David Grossman; David Hensle; David Slager; Derek Kaufman; Ed Bosek; Ervin Shindell; Jeff Runnfeldt; Joseph Rotter; Kaveh Alamouti; Kenneth Griffin; Lawrence Lee; Maksim Stavinsky; Mark Stainton; Nathaniel Rothschild; Noam Ohana; Robert Doherty; Robert Donath; Robert Wolfson; Ryan Garino; Steve Weller; Timothy Barakett*; Tony Chedraoui
Related Entities: Deutsche Bank; Equitech Group*; Millennium Management*; Roc Capital Partners (Cayman) Ltd; Roc Capital Partners Fund LLC; AE Capital Management*; Attara Capital LP; Attics Capital LP*; Atticus Capital Partners; Atticus European Fund; Atticus Global*; Atticus Trading Fund* ; Beacon Light Partners; Citadel Alternative Asset Management; Citadel Equity Fund; Citadel Kensington; Citadel Wellington; Deephaven Capital*; Equiduct; New Castle Re; Pilgrim Asian Macro Fund; Pilgrim Partners; Roc Capital Group LLC; RoundKeep Capital; Sowood Capital*; Tyrus Capital
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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