Thursday, 26 November 2015
Last updated 7 hours ago
Apr 26 2012 | 2:33am ET
Nomura Securities International's high-yield and distressed securities research chief is set to try his hand at hedge funds once again.
Arthur Roulac has founded Three Court in New York, with plans to launch the new firm's first hedge fund in July. The distressed debt vehicle is expected to have $20 million in assets under management at inception, garnered from Roulac's friends and family, HFMWeek reports.
Three Court isn't Roulac's first hedge fund: He co-founded Dry Brook Capital Partners in 2007, selling the special situations firm to Citigroup a year later. He also formerly worked at Angelo Gordon & Co.
Three Court will invest in both stressed and distressed debt and leveraged equities. It will have an offshore master fund and onshore feeder fund.
The new firm will charge 1% for management and 10% for performance. There will be a $500,000 minimum investment requirement, and the fund will offer quarterly liquidity with 90 days' notice.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…