Wednesday, 3 September 2014
Last updated 15 hours ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost a...