Sunday, 28 December 2014
Last updated 3 hours ago
May 14 2010 | 1:17am ET
A pair of HHR Asset Management veterans is set to launch their own hedge fund in July.
Alloy Capital will soft-launch its eponymous maiden fund with $50 million ahead of a hard-launch in November. The fund, the brainchild of former HHR analysts Katie Procter and Dale Geurts, was seeded by HHR founder Edward Hintz, HFMWeek reports.
The New York-based firm will have a portfolio of between 20 and 40 long bets and between 15 and 80 shorts. About two-thirds of its assets will be invested in the U.S. The Alloy Fund will not have a specific sector or style focus.
“We have come together to combine a fundamental research-driven process with a constant awareness of macro economic conditions to balance our twin goals of capital preservation and fund performance,” Procter, the fund’s manager, said.
Alloy will charge 1.5% for management and 20% for performance. There will be a $1 million minimum investment, with quarterly liquidity.
UBS will serve as the fund’s prime broker.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.