QVT Pair Prepares $100 Million Hedge Fund Launch

May 18 2012 | 4:13am ET

Two QVT Financial founders are preparing the delayed launch of their hedge fund, some two years in the works.

Kevin McGoey and Yi Cen founded Lees Hill Capital Management in 2010, after leaving QVT. The New York-based firm is set to finally launch its maiden hedge fund—delayed by market uncertainty—in the third quarter, with more than $100 million in initial assets.

Lees Hill will run an event-driven fund focused on both stocks and bonds, HFMWeek reports.

The firm is still finalizing several allocations. HFM reports that several Lees Hill clients are waiting for calmer market waters to commit to the new hedge fund.

Both McGoey and Yi worked at Deutsche Bank's QVT desk prior to the hedge fund's spinoff in 2004.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of