Sean Murphy, a former portfolio manager at Citadel, is launching Jerpoint Capital, a new hedge fund backed by Qube Research & Technologies, which is providing $200m in seed capital to the venture, according to a report by Bloomberg.
The report cites unnamed sources familiar with the matter as revealing that Murphy is currently seeking regulatory approval for the London-based fund, which will run a separately managed account for Qube, with plans to begin trading in Q4 2025. Jerpoint also expects to raise additional capital expected from other investors.
Jerpoint Capital will focus on global long-short equities and a risk arbitrage strategy targeting corporate events, including mergers and acquisitions. The fund is named after Jerpoint Abbey in Ireland, near Murphy’s hometown.
Murphy has assembled a senior team ahead of launch, hiring Tom Hodson, a former UBS executive, as president, and Owain Lewis, previously of Lijaro Asset Management, as chief operating officer. The firm will debut with a lean team of around eight professionals.
At 39, Murphy joins a cohort of ex-Citadel managers striking out on their own, including Gilberto Marcheggiano. Prior to his time at Citadel, Murphy was an assistant portfolio manager at Carlson Capital.
Qube’s support for Jerpoint comes amid its broader strategy of backing emerging hedge fund talent. The firm recently seeded Berry Street Capital Management, founded by event-driven specialist Orkun Kilic, and last year brought on Bruno Burki, a former Carlson analyst, as a merger arbitrage-focused portfolio manager.
