Tuesday, 21 October 2014
Last updated 16 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...