Arrowhawk's Demise Spawns New Commodities Hedge Fund

Jan 4 2012 | 2:15am ET

Arrowhawk Capital Partners is closing up shop, but its commodities hedge fund will live on.

Portfolio manager Jennifer Fan has founded Arbalet Capital. The new firm will roll out its maiden hedge fund, employing the same strategy that the 28-year-old Fan has used at Arrowhawk for two years, in April with at least $500 million in initial assets, Bloomberg News reports.

That's almost as much as Arrowhawk managed before deciding to close due to fundraising difficulties.

Fan's swaps-trading strategy returned 14% last year through November. Arrowhawk's other funds were essentially flat over that period.

Like Arrowhawk, Arbalet will be based in Darien, Conn., and will feature about 10 former Arrowhawk employees. Ken Brown will serve as chief operating officer and CFO, Rich Itri as chief information and technology officer, and Per Einar Ellefsen as head of its Singapore office.

Arbalet will also continue to use Arrowhawk's prime broker and auditor, Credit Suisse and Rothstein Kass, respectively. But Arrowhawk chief investment officer Michael Litt will not be part of the new firm, which plans to hire two new employees, one of them to serve as CEO.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.