Under New Management: Rampart Capital

Feb 7 2011 | 8:55am ET

Rampart Capital, which ended its life as an energy hedge fund last year, is back as an advisor to high net-worth clients.

The rebirth of the firm comes after it was acquired by a group of former MaxCap Partners executives. One, new chief investment officer Giles White, told Financial News, "acquiring a firm that already had an FSA authorization is a much more efficacious way of proceeding that creating a new firm from scratch."

But there is little about the new Rampart that bears any resemblance to the old. The former firm was an energy hedge fund shop, launched in 2009. Rampart shuttered its fund in May after it failed to reach "critical mass," the ex-MaxCap group, which also includes Ivo Fiennes, Graham Noble and Jim Webb, bought the shell of Rampart in September.

The new Rampart will manage segregated portfolios and is considering a UCITS III-compliant fund launch. True to its old nature, it will focus on alternative investments.

"There is an increased demand for a service that offers a much closer alignment of interests between the client and the investment or wealth manager that that currently offered by big banking groups," White told FN. "Independently-owned boutiques can meet this need."

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…