AlphaTran Enters Liquidation, Firm To Close

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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...