Nevsky Chiefs To Launch Smaller Fund

Feb 2 2011 | 11:47am ET

Nevsky Capital's Martin Taylor and Nick Barnes are set to launch a new, much smaller hedge fund after they finish liquidating the firm's flagship this month.

The new fund, called Nevsky Fund Plc as opposed the existing Nevsky Fund Ltd., will also be less tied to emerging markets than its predecessor. Nevsky Plc will not feature a 50% minimum allocation to emerging markets, Bloomberg News reports.

It will also be less than one-quarter the size of Nevsky Ltd. Taylor and Barnes want it to be no bigger than US$800 million—Nevsky Ltd. managed US$3.3 billion before the two men announced they'd stop managing it last year—and the two men already have received more than enough interest to reach that level.

The smaller size of the fund means that Taylor and Barnes will be freed from the marketing duties associated with the larger fund. The two will also be able to use fewer trades, helping to cut the "intensity" they referenced when announcing their exit from Nevsky Ltd.

Nevsky Ltd. will be liquidated by the end of the month. Its final year was a good one: it rose 10% after returning 32% in 2009.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of