Majedie Establishes Long/Short Hedge Fund Shop

Sep 1 2010 | 10:27am ET

Investment-trust-cum-hedge-fund-seeder Majedie Investments has launched a second fund management firm to manage its own assets.

Javelin Capital has been established as a subsidiary of Majedie, focusing on U.K. and global long/short, as well as long-only, strategies. The new firm, which includes all existing employees of Majadie Investments, aims to develop a series of multi-strategy products that will be marketed to professional investors.

“Having successfully benefited from the sponsorship of Majedie Asset Management, which has grown into a successful, award winning fund management company, we are seeking to repeat that success with Javelin Capital and perceive there to be significant appetite in the market for an equity manager with the ability to produce positive return, low volatility products,” Andrew Adcock, chairman of Majedie, said.

Majedie has given Javelin £4.5 million in start-up capital and will own 70% of the new firm, initially. Under Javelin’s business plan, that capital will be repaid to Majedie within three years.

The remaining 30% of Javelin will be owned by its partners and staff, among them CEO Gerry Aherne, chief investment officer Victor Pina, and portfolio managers Steven Asprey and Nick Rundle. Rundle will continue to oversee Majedie’s own assets.


In Depth

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

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

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

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.