Monday, 15 September 2014
Last updated 4 hours ago
Aug 26 2013 | 10:32am ET
Former Citigroup emerging-markets stock-research chief Rhys Summerton is set to launch a hedge fund with upwards of US$50 million in initial assets.
Ascot, U.K.-based Milkwood Capital will launch its maiden fund in September, Bloomberg News reports. Summerton plans to put US$20 million of his own fortune into the project and has won “indications of interest” from potential clients exceeding US$50 million, he said in a pitch letter.
Milkwood will employ a global long/short equity strategy, he said.
Summerton spent more than a decade at Citi, rising from head of research for Central and Eastern Europe, the Middle East and Africa to lead the emerging-market equity team in 2010. He left the bank in 2010.
Milkwood has signed Morgan Stanley to serve as its prime broker.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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