Friday, 22 May 2015
Last updated 3 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…