Wednesday, 26 November 2014
Last updated 12 hours ago
May 25 2011 | 11:15am ET
A pair of hedge fund veterans have founded an event-driven firm of their own. And Dan Carroll, formerly of Litmus Capital Management, and Amit Batra, formerly of Steel Canyon Capital, last month launched their maiden hedge fund at Ratel Capital Management.
"It's a good time for our investment strategy," Batra told HFMWeek. "We develop different filters for value, industry themes, management quality and events, and we overlay these to build differentiated portfolios that we believe can perform well in all market environments."
The firm's eponymous first fund is currently available in the U.S. It charges 1.5% for management and 20% for performance and features quarterly liquidity. Jefferies serves as prime broker.
Prior to founding Ratel, Carroll founded and managed Litmus. His résumé also boasts stints at Third Point and Royal Capital.
Batra was a senior analyst at Steel Canyon before joining forces with Carroll. He formerly worked at XL Capital Investment Partners.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...