Tuesday, 25 October 2016
Last updated 46 min ago
Apr 4 2013 | 12:39am ET
Hedge fund Denjoy Capital Partners has snared Ridley Park Capital's chief operating officer as it gears up for a fundraising push.
London-based Denjoy named Ian Bickerstaffe to the same post, Financial News reports. His arrival coincides with Denjoy's plan to raise several hundred million dollars to add to the US$200 million it already manages, and his presence may help ease the minds of institutional investors.
Denjoy is led by former Brevan Howard Asset Management partner Frederic Denjoy. The long/short equity fund debuted in 2011 and has posted double-digit returns in each of the last two years—and is already up 11.29% this year, through February.
Denjoy won the backing of the Blackstone Group for the hedge fund, a concentrated portfolio focused on Europe, but with some U.S. and Asia exposure.
Ridley Park founder Julian Barnett pulled the plug on the hedge fund in November. Prior to joining it, Bickerstaffe worked with Barnett at Polar Capital Management.