A trio of Investcorp veterans have launched a hedge fund seeding and managed accounts firm.
Pulse Captial Partners aims to provide seeding and "acceleration" to hedge funds as well as customized portfolio solutions, creating managed account programs alongside institutional investors, the new firm said in a statement.
The New York-based firm is the brainchild of Thomas Middlehoff, Gary Long and Ibrahim Gharghour. Middlehoff is the former head of Investcorp's European private equity business, Long a former president and chief operating officer of the firm and Gharghour the founder of its hedge fund business.
"Institutional investors today are very keen to have access to true hedge fund alpha in a transparent and risk-controlled manner," Middlehoff said. "Pulse's value proposition in both businesses is positioned to precisely meet these requirements."
In addition to the three founders, Pulse announced five key executive hires, with more to come throughout the year. They are Joseph Burns, formerly of Ivy Asset Management, as deputy chief investment officer, Jean-François Collard, formerly of Banco Santander, as head of quantitative research, Laurie Beaty, formerly of AlphaMetrix, as head of fund of funds marketing, Jean-Claude Issa El-Khoury, formerly of JPMorgan Chase, as head of marketing in the Middle East and North Africa, and Sherif Elmazi, formerly of DKR Oasis Management, as head of operations.