The man behind the biggest act of consolidation in the hedge fund industry says that mergers and acquisitions activity in the sector is set to pick up—with a possible surprising twist.
A co-founder of collapsed hedge fund Peloton Partners has resurfaced on the other side of the world.
Ron Beller has set up Branch Hill Capital in San Francisco. The new firm is currently managing $40 million contributed by Beller and co-founder Manal Mehta, who also worked at Peloton, and the duo have returned 15% in their first three months.
Beller and Mehta plan to open Branch Hill to outside investors by the end of this year and hope to raise $250 million in a year.
Crude oil has broken through levels not seen since 2014 and it appears to be entering a new phase, ending the downward super cycle that took crude from above $100 per barrel to under $30, and entering a phase where both supply and demand are expected to grow.