Wednesday, 23 July 2014
Last updated 13 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…