Tudor, SAC Vets Launch $100M Emerging Markets Fund

Jan 19 2010 | 1:03pm ET

A pair of former executives from a pair of top hedge funds has launched a fund of their own with US$100 million.

James Harpel, a former Tudor Investment Corp. partner, and Kenneth Ginsburg, once SAC Capital Advisor’s top man in Europe, have founded Althea Capital. The new fund, which has attracted investments from the likes of RIT Capital, the investment firm led by banking royalty Jacob Rothschild, employs a global emerging markets strategy, Wealth Bulletin reports.

The new firm is registered with Britain’s Financial Services Authority.

Harpel left Tudor in April; Ginsburg quit SAC in December 2008.

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