Friday, 29 August 2014
Last updated 10 hours ago
Mar 29 2012 | 12:37pm ET
Former Eton Park portfolio manager Thierry Lucas will launch his new hedge fund—expected to be among the largest new hedge funds of the year—on May 1.
Lucas' Portland Hill Capital is the "next significant launch" for Europe and could be "one of the most popular" of the year, a prime brokerage source told HFMWeek. The fund will be a liquid Europe-focused event-driven and equity long/short vehicle. The fund will invest in between 30 and 40 ideas, employing deep fundamental analysis.
It is unclear how large Portland Hill will be at inception, although the firm hopes to raise US$500 million.
Portland Hill has hired Iulia Buinevici as an investor relations professional, HFM reports. Buinevici formerly handled capital introduction at Bank of America Merrill Lynch.
Lucas, who serves as Portland Hill's chief investment officer, was the first trader Eton Park hired in London and was with the firm since its debut in 2004 until his departure in July.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...