MPC Preps European Long/Short Fund

Mar 23 2007 | 11:26am ET

MPC Investors has recruited Ajay Gambhir from JPMorgan Asset Management to launch a new European equity long/short hedge fund. The yet-to-be-named Cayman Islands-domiciled vehicle is to launch in September with between $600 million and $900 million, according to CEO Peter Harrison.

Harrison said the fund will invest across the board in terms of size and industry, and will have typical net exposure of 30% to 50%, but will also be able to go net short.

The fund charges a 2% management fee and 20% performance fee, with an still-undetermined minimum investment requirement.

Gambhir, who, as managing director led the European high alpha team at JPMorgan, was the sole portfolio manager for the JPMorgan Europe Dynamic Long Short hedge fund, which returned 31.5% in 2005 and 40.2% last year net of fees, according to MPC. The fund managed $400 million in assets at the end of February. Gambir is expected to report to his new position in four weeks.

Harrison also mentioned the firm is looking to bring aboard a trader for the new fund but declined to offer more details.

MPC also manages long/short strategies including the Pilgrim Fund and the Pilgrim Select Fund.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.