Jetstream's Dean Readies Maiden Hedge Fund

Aug 24 2011 | 11:51am ET

A Jetstream Capital veteran is set to launch a hedge fund of his own.

Gary Dean has founded Carilliam Capital in Nashville, Tenn. The new firm will roll out three versions of its maiden strategy next month with about $50 million in initial capital, HFMWeek reports.

That strategy is a slightly long-biased all-cap, multi-sector, global one. Carilliam's funds will hold between 70 and 75 positions, 40 to 50 of which will be long. The Carilliam Global, Carilliam Offshore and Carilliam Global II funds have a capacity of $1 billion.

Carilliam's initial capital is primarily internal, although the firm has some commitments from high-net-worth investors, family offices and institutional investors. The firm plans to offer a break for early investors, charging a 15% performance fee on the first $100 million of outside capital.

Other investors will pay 20%; all will pay 1% for management. There is a $1 million minimum investment requirement and a one-year soft lockup with a 3% early redemption penalty.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of