Thursday, 21 August 2014
Last updated 15 hours 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note