Friday, 29 August 2014
Last updated 33 min ago
Aug 1 2011 | 11:58am ET
AlphaTran Capital will close its doors three years after its launch, the firm's executives have decided.
The London-based firm's members voted last month to liquidate its funds and close the firm, regulatory filings show. The firm was solvent at the time of the decision, its liquidator, Kinetic Partners' Bill Cleghorn, told Reuters.
AlphaTran was founded in 2008 by three industry veterans, led by The Children's Invest Fund's Damien Tran. The long/short equity fund was seeded by Thames River Capital and was designed to take advantage of market volatility—which spiked months later, when Lehman Brothers collapsed.
In addition to Tran, AlphaTran was founded by Christophe Puyo, formerly of Société Générale Asset Management, and Christophe Beauvilain, formerly of Phylon. Beauvilain resigned last year to set up Perenne Capital.
It is unclear how much AlphaTran managed at the time of its decision to wind down; it was seeded with US$50 million by Thames River. It is also unclear how it performed during its three years, or whether either played a role in the decision to close.
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…
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