Tech., Media And Telecomm. Hedge Fund Opens To Investors

Oct 21 2010 | 4:59pm ET

Newly-founded California technology, media and telecommunications hedge fund Thompson Peak Capital has opened its maiden hedge fund to outside investors.

The fund, which Thompson Peak has been running since the beginning of the year, currently has $50 million in assets, HFMWeek reports. It hopes initially to raise $500 million, half of its $1 billion capacity.

Basso Capital and Morgan Stanley veteran Gustavo Miguel serves as portfolio manager of the fund, which invests exclusively in U.S. companies and has between 15 and 20 positions. The fund charges 2% for management and 20% for performance and features a $1 million minimum investment requirement. Deutsche Bank serves as prime broker.

Thompson Peak was founded by Miguel and two others: David Siminoff, formerly of Capital Research and Management, and Michael Hourigan, formerly of Morgan Stanley's mergers and acquisitions group. Siminoff serves as chief investment officer. In addition, to coincide with the fund's public launch, the firm has recently hired a director of business development, Matthew Michelsen.

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel Supports Manhattan Real Estate With Record Deal

Sep 16 2015 | 3:04pm ET

Never count hedge funds out of a big property deal. The Manhattan real estate market...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note

Upcoming Events