Pensato Snags Ex-Fido, Citadel Analyst

Sep 6 2012 | 10:54am ET

Hedge fund Pensato Capital, founded four years ago by a group of Fidelity Investments veterans, has added another to its ranks.

The €250 million long/short equity specialist, which focuses on Europe, hired Jonathan Relph as an analyst on Monday, Financial News reports. Relph is a top-rater construction and building materials analyst, who worked at Fidelity from 2005 though 2009, his first years overlapping with Pensato founder Graham Clapp's last.

Relph himself left Fido in 2009 to join Citadel Investment Group, which he left last year.

"Graham is one of the most experienced investors in Europe. He has a great track record and a phenomenal team behind him," Relph told FN. "In a period when European markets have been tough waters to negotiate, Pensato has shown bottom-up fundamental stock-picking still works. I think the fund outlook is one of the bright spots for the European long/short industry."

Pensato's Europa Fund is up 10.33% this year.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

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 Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Looking for a way to keep warm during the cold weather or rather alleviate your cold while under the weather?