GLG Alums Launch Hedge Fund

Jun 10 2013 | 11:46am ET

Five GLG Partners veterans have formally launched their new hedge fund after winning approval from British regulators.

Covalis Capital has been up and running since December, albeit under the auspices of Mirabella Financial Services. Mirabella's services are no longer needed, however; London-based Covalis was authorized by the Financial Conduct Authority two weeks ago, Financial News reports.

Covalis invests in utilities, infrastructure, renewable energy and commodity companies, with a focus on Europe. Co-founded Rolanos Stikovas said the firm was seeking to raise money, but would not disclose how much it currently manages.

Covalis is led by Zach Mecelis as chief investment officer. Peter Murphy serves as director of research, Jakob Moberg as head trader and Peter Murphy as chief operating officer.

Stikovas told FN that "the team has been together for over eight years," since Mecelis joined GLG in 2004. Mecelis worked at Zimmer Lucas Partners prior to moving to GLG.


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

Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.