Ex-Polar Capital Star Nets $200M For New Hedge Fund

Jun 7 2010 | 10:43am ET

One of the year’s most hotly-anticipated new hedge funds raised less than half the amount it hoped to at inception, despite its manager’s top-notch record.

London-based Ridley Park Capital launched its first fund last month. But the firm was able to drum up only US$200 million for the vehicle, according to the Financial Times. Ridley Park founder Julian Barnett had hoped to raise as much as US$500 million.

Barnett left Polar Capital, where he was once of its top hedge fund managers, last year. At Polar, Barnett managed the firm’s Paragon Fund, which boasted US$875 million in assetes under managemen at its peak.

During five years at the fund’s helm—Barnett managed it from its inception in 2004—Paragon lived up to its name, earning a 28% annualized return, including a 21% jump in 2008, when the average hedge fund lost nearly as much.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR