Tuesday, 30 September 2014
Last updated 3 hours ago
Jan 5 2012 | 2:35pm ET
The demise of FrontPoint Partners has given new life to another hedge fund.
John Foo, who co-managed FrontPoint's now defunct Asian Event Driven Fund, plans to relaunch his Kingsmead Capital in March. Foo put Kingsmead on ice in 2009, when he and the firm's team joined FrontPoint. But the group left FrontPoint last year after it pulled the plug on their fund.
The reborn Kingsmead will feature members of FrontPoint's Singapore trading and back-office desk, Reuters reports. Foo also said he plans to hire two more analysts and to open a research office in Hong Kong this year.
The Kingsmead Asian Alpha Opportunities Fund is expected to debut on March 1 with US$50 million. The fund's capacity is about 10 times that figure, Foo said.
The Asia ex-Japan long/short fund will offer fee discounts to early investors, which Foo hopes will help him transcend a difficult capital-raising environment, especially in Asia. Foo said Kingsmead is in "advanced discussions with a few parties" about investing in a "founder class" with lower fees.
Despite fears that 2012 could be a difficult one for Asia, Foo says he sees plenty of money-making opportunities.
"If we are able to pick up 20 to 25 situations that are under-researched, good value, good management… I think that would be a wonderful opportunity," he told Reuters.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...