Saturday, 27 December 2014
Last updated 2 days ago
Dec 8 2010 | 10:24am ET
Having garnered more than $100 million for his own hedge fund, Marcel Melis is offering his fundraising talents to other managers.
The Energy Capital Management founder, who shuttered his MMT Energy Fund earlier this year, has launched a new capital-raising business. He said he would market his wares to firms that already have at least $100 million in the bank and boast "a strong track record and institutionalized process."
"I believe I can work with roughly 10 managers and will start with a couple," Melis told Bloomberg News. "It won't just be in energy, but anything from long/short equity to emerging markets funds."
Melis said his Curaçao-based MGI NV has already lined up one fund. He added that he is in talks with several others.
Melis opted to shutter his four-year-old MMT fund in May, after it lost 5% over the first four months of the year. The fund, at its peak, managed more than $140 million.
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.