Rubicon Vets Launch $300M Global Macro Hedge Fund

May 1 2013 | 1:12pm ET

At long last, Rubicon Fund Management's former chief investment officers are back in the hedge fund industry.

Timothy Attias and Santiago Alarco's Canosa Capital debuted today with about US$300 million, Bloomberg News reports. The London-based global macro fund is backed by Sweden's Brummer & Partners, which will also own a stake in Cansoa.

Alarco and Attias' new fund will invest in fixed-income, currencies, equity indices and commodities. The highly-liquid portfolio will be structured around three to four themes with six or seven trades in each.

The launch comes a year after Attias and Alarco settled a lawsuit filed by Rubicon, accusing them of breaching their fiduciary duty to the hedge fund after founder Paul Brewer was seriously injured in 2009 when he fell from a horse. The two had planned to open a hedge fund called Sata Partners with former GAM research chief Catherine Cripps in 2011, plans that were derailed by Rubicon's lawsuit.

Canosa charges 2% for management and 20% for performance, although early investors will pay only 1% for management.


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

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.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.