Monday, 30 November 2015
Last updated 2 days ago
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…