Thursday, 24 July 2014
Last updated 12 hours ago
Jul 17 2012 | 12:34pm ET
Lone Pine Capital's former Asia chief has launched his hedge fund with US$500 million—and another half-billion dollars in commitments.
Tybourne Capital Management's maiden fund debuted on July 2. The long/short Equity Fund will focus on company fundamentals. The Hong Kong-based firm will specialize in consumer names, financials, technology, media, telecommunications and industrials investments, weighted towards Asia but investing globally.
Tybourne was founded by Eashwar Krishnan and Tanvir Ghani, the former late of Lone Pine and the latter formerly head of capital introductions in Asia-Pacific at Goldman Sachs. Krishnan serves as the firm's chief investment officer, having spent a dozen years at Lone Pine before his departure late last year.
Tybourne, the latest in a string of large Asian hedge fund launches, has a three-year lockup, Bloomberg News reports, with a US$5 million minimum investment requirement. It will also give investors a fee discount if it is below its high-water mark.
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…