Camulos Co-Founder Returns With Europe-Focused Hedge Fund

Dec 5 2012 | 12:44pm ET

Camulos Capital co-founder William Seibold is back, three years after he was forced to shutter his last hedge fund.

Seibold has founded Recipero Capital and plans to launch its maiden hedge fund in the second half of next year, Bloomberg News reports. He said he hopes to raise €800 million for the fund, which, unlike Seibold's previous ventures, will be based in Europe.

Recipero will provide capital to middle-market business in Europe, primarily in France, Germany, Italy and the U.K., Seibold told Bloomberg.

"The European banking system is in difficulty," he said. "European businesses, especially in the middle-market, are far more heavily financed by banks. The banks need support."

Seibold's return to the hedge fund industry comes two months after he won more than $4.6 million from Camulos, which he left in an acrimonious split five years ago, followed by years of litigation. Camulos folded last year.

Seibold co-founded Soros Fund Management's distressed investing unit, from which Camulos was spun off in 2005. After leaving Camulos, he set up distressed debt shop Noroton Capital Management, which closed after Man Group's RMF Hedge Fund Ventures pulled its seed funding during the financial crisis.

Seibold said he plans to build a team of seven for Recipero by the time it launches.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Is Steven Cohen Going to Buy the Brooklyn Nets?

Jan 19 2015 | 6:49am ET

Rumors that Steve Cohen was interested in the Brooklyn Nets emerged after Scott...

Guest Contributor

Investors Benefit From Evolution Of Fund Of Hedge Funds Model

Jan 22 2015 | 12:27pm ET

The evolution of the fund of hedge funds model over the last few years represents...

 

Editor's Note