Atticus, Silver Point Vets Launch Hedge Fund

Jan 19 2011 | 10:37am ET

Two hedge fund veterans have teamed up to launch a new concentrated equity long/short fund.

Avi Fruchter and Avraham Mevorah, the founders of Anavon Capital, unveiled the firm’s maiden offering earlier this month, HFMWeek reports.

Fruchter formerly worked at Atticus Capital and Attara Capital, while Mevorah’s résumé boasts stints at Fortelus Capital, Silver Point Capital and Lazard.

Anavon’s Master Fund employs both fundamental analysis and a thematic top-down vision, according to HFM. It seeks stocks with asymmetric risk-reward profiles, and aims to hold between 30 and 40 longer-term positions at a time.

In addition to its founders, the U.K.-based firm has also hired a chief operating officer: Simon Shaner joined Anavon from Davidson Kempner Capital Management.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...