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Saturday, 21 January 2017
Last updated 9 hours ago
Sep 9 2011 | 1:43pm ET
A pair of Tudor Investment Corp. executives are to launch an emerging markets alternative investments firm alongside former Ashmore Energy International CEO Brent De Jong.
John Macfarlane and Nigel Whittaker will lead London-based Zafferano Capital. The new fund, which already has $100 million in commitments from investors, is back by Tudor, who partners are among the committed investors and who will own a stake in Zafferano, Bloomberg News reports.
"As a strategic partner, we will have a strong and close relationship with Zafferano and are excited about the new venture," Tudor founder Paul Tudor Jones said today.
Zafferano will invest through hedge funds and private equity funds, beginning early next year. Whittaker and De Jong will serve as co-chief investment officers, based in London and Houston, respectively, with De Jong focusing on private equity. Macfarlane, who will be based in New York, is its chairman.
Whittaker was head of emerging markets credit at Tudor and will remain a consultant at the hedge fund until at least the end of the year. He is currently overseeing the emerging markets portion of Tudor's illiquid Legacy portfolio; four members of his team at Tudor will join Zafferano when those holdings are liquidated. Macfarlane was vice chairman of Tudor.