Friday, 26 December 2014
Last updated 1 day 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.