Ex-TCI And Citadel Execs. To Launch Hedge Fund

Feb 13 2012 | 5:58am 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: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

With NFL season on the horizon, it’s time to take a look at our Fantasy Football value picks. Last year, we nailed it on Drew Brees, Jordan Howard, Frank Gore and Dwayne Allen. We missed pretty badly on Duke Johnson, Demaryius Thomas, Mohammed Sanu and Eli Manning.