Wednesday, 23 July 2014
Last updated 30 min ago
Mar 27 2012 | 12:17pm ET
Its fundraising may be somewhat less spectacular than that of other hedge funds launched by Goldman Sachs alumni, but Occitan Capital Partners is doing just fine.
The London-based hedge fund, which launched in late 2010, has garnered more than US$400 million since then, according to a Securities and Exchange Commission filing. The US$407 million came from 22 investors, among them Nomura Holdings, which seeded Occitan at the beginning of last year.
Occitan co-founded Herve Gallo is a former derivatives trader at Nomura, as well as a Goldman veteran.
Gallo and co-founder Thomas de Garidel-Thoron employ liquid directional and arbitrage strategies at Occitan, which has a US$100,000 minimum investment requirement.
While Occitan has netted nearly half-a-billion dollars since its launch, other former Goldman traders have raised 10 figures, including Pierre-Henri Flamand, whose Edoma Capital Partners debuted the same month as Occitan and which now manages US$1.8 billion. Morgan Sze's Azentus Capital Management, launched six months later, manages about US$2 billion.
Both Gallo and Garidel-Thoron left Goldman in 2007.
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…