Ex-TCI And Citadel Execs. To Launch Hedge Fund

Feb 13 2012 | 4:58am ET

Two veterans of two top hedge funds have joined forces to launch a new firm, with as much as US$100 million in commitments more than two months before its expected debut.

Masroor Siddiqui and Bruce Emery have set up Naya Capital. The new firm has already lined up between US$75 million and US$100 million in capital from friends and family of the two men, who formerly worked at The Children's Investment Fund and Citadel Investment Group, respectively, Financial News reports. And the firm is in talks with several institutional investors.

Naya will launch its maiden fund, a global long/short equity vehicle, on May 1, a spokesman said. The fund will include about 40 names, and in addition to its core stock portfolio will opportunistically invest in credit.

Siddiqui was head of global credit and equity at TCI before becoming that latest partner at the London-based activist shop to head for the doors. He joined TCI in 2009 from Canyon Capital Partners. Emery was head of European equities at Citadel.

In addition to Siddiqui and Emery, Naya will have about six other staffers, including two other investment professionals. Former Theorema Asset Management CEO Ian Wylie will serve as chief operating officer.


In Depth

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note