Tuesday, 1 December 2015
Last updated 15 hours ago
Oct 11 2010 | 2:17pm ET
The former co-head of Goldman Sachs’ former top hedge fund will launch his own new fund next month, two months before beginning to manage money for outsiders.
Mark Carhart, the former co-manager of Goldman’s Global Alpha fund, founded Kepos Capital last year. The firm’s Kepos Alpha Fund will begin trading next month with partner capital, according to Reuters, and will begin managing outside money in January.
The New York-based firm already boasts a team of 27, including Giorgio de Santis, who was co-head of research at Goldman’s quantitative investment group and who left the firm along with Carhart and his Global Alpha co-chief, Raymond Iwanowski, last April. Iwanowski is not part of Kepos and is mulling a return of his own to the hedge fund industry.
Carhart hopes to raise as much as $1 billion for the new fund, and has put in place a series of measures to reassure investors who might be spooked by Global Alpha’s downturn in 2007. Kepos boasts a six-member academic risk panel, headed by the former chairman of Goldman’s quant. group. Investors will face a one-year lockup, followed by quarterly liquidity.
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…