Ex-Amber, Laxey Managers To Launch Event-Driven Fund

Jul 13 2011 | 12:18pm ET

A pair of hedge fund veterans have gone into business together, launching their own firm in London with plans for their maiden fund's debut later this year.

Former Amber Capital managing director Bernd Ondruch and former Laxey Partners fund manager Christian Vogel-Claussen have founded Astellon Capital Partners, HFMWeek reports. The new firm plans to launch its Special Opportunities Fund in September and has some US$300 million in assets under management lined up for its first fund.

The event-driven vehicle will focus on Europe. It will charge 2% for management and 20% for performance with no lockup and monthly liquidity with 60 days' notice.

At Amber, Ondruch covered Germany, Austria and Switzerland and was a member of the firm's global investment committee. He formerly worked at Morgan Stanley, covering Central and Eastern Europe.

Vogel-Claussen covered the same countries as Ondruch at Laxey, which he joined after a stint at Morgan Stanley covering media and telecommunications.


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note