Thursday, 18 December 2014
Last updated 8 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.