Financials Hedge Fund A Maybe At Knight Vinke

Jun 27 2011 | 3:10am ET

Knight Vinke Asset Management is mulling a hedge fund based on its research on financials.

The Monaco-based activist shop may launch a long/short global financials fund, a vehicle that would be its first foray into shorting equities, Financial News reports. Knight Vinke has been researching financial stocks since 2007, when it began its campaign against HSBC Holding.

HSBC remains Knight Vinke’s only public financial holding, although a source told FN that it has several smaller holdings that do not require public disclosure.

Knight Vinke said that “no decision has been taken to launch a fund.”

“The analysis of the banking industry, which Knight Vinke has developed over the past few years, has been much appreciated by many of the world’s largest institutional investors and regulators, and we have chosen to continue to maintain that database as a benefit to our clients,” a spokesman for the firm said.

According to FN, Knight Vinke deputy CEO Glen Suarez would manage the fund. The firm is reportedly sounding out potential investors.

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