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It can be challenging for boutique hedge fund managers to make the jump from personal capital to institutional investment, but it doesn’t need to be. In this conversation with Dan Sondhelm (pictured), CEO of Sondhelm Partners, we uncover common pitfalls and practical strategies to ease this transition.Â
The founders of Three Arrows Capital are being targeted by liquidators for the bankrupt cryptocurrency hedge fund for the recovery of $1.3 billion, the amount they allegedly racked up in losses prior to last year’s collapse of the firm, according to a report by Reuters.
“Advanced talks” are ongoing between Odey Asset Management (Odey AM) and SW Mitchell Capital over the transfer of the Oliver Kelton and the funds he previously managed at Odey AM to the London-based European equities investment boutique, according to a report by Reuters.
The report cites a letter sent by Odey AM to clients on Tuesday and seen by Reuters as confirming that the funds in question are Brook Continental European, Brook European Focus, and Brook European Focus Absolute Return, plus Odey Pan European, which was taken over by Kelton earlier this month following the ouster of Crispin Odey from
As major banks makes significant staffing cuts, hedge fund Marshall Wace is continuing its hiring spree with the London-based firm adding to its headcount on both sides of the pond, according to a report by eFinancial Careers.
Saba Capital, a $4.4 billion New York-based activist hedge fund firm founded by Boaz Weinstein, has emerged as a major shareholder in Regal Partners’ listed VG1 fund with a 5% stake in the investment vehicle, according to a report by the Financial Review.
Morgan Stanley has appointed Charlotte Creager, an executive director in emerging markets at Goldman Sachs, as the bank’s new head of European hedge fund credit sales based in London, according to a report by eFinancial Careers.
Creager spent 14 years in total with Goldman Sachs, first in London before moving to New York in September 2019 to focus on emerging markets fixed income. Prior to Goldman, she spent three years at JP Morgan in London.
Creager is the latest Goldman Sachs hedge fund sales exec to make the switch to Morgan Stanley following the appointment Brett le Roux, a nine-year
AlphaGrep, a global multi-asset, quant-based proprietary trading firm founded in 2010 by University of Pennsylvania alumni duo Mohit Mutreja and Parshant Mittal, has appointed Bhautik Ambani as the chief executive officer of its domestic investment management unit in India.
In his new role, Bhautik, who helped the firm launch its maiden AlphaMine Absolute Return Fund – a Category III alternative investment fund – will be responsible for driving business growth, strengthening and expanding the firm’s domestic presence, and enhancing customer experience.
Prior to joining AlphaGrep, Bhautik was a managing director & partner at Avendus Capital Public Markets Alternate Strategies.
Most hedge fund firms view outsourcing in terms of both advantages and limitations. But as more managers outsource more functions, the idea of red lines is becoming increasingly blurred.
From inhouse automation to partial outsourcing and full-team lift-outs, the ways hedge fund firms manage their operational functions is evolving – with fewer parts of the business left untouched.
Has the hedge fund outsourcing trend peaked? As a host of forces in 2023 increase the pressure on managers to do more with less, our research suggests that, if anything, it’s accelerating.
