Tuesday, 30 September 2014
Last updated 36 sec ago
Sep 17 2007 | 9:18am ET
It’s official. MPC Investors today announced launch of the $900 million MPC Samsara hedge fund. The fund’s size will make it one of the largest hedge fund launches in Europe this year. The fund is managed by Ajay Gambhir who joined MPC Investors at the beginning of May.
The MPC Samsara hedge fund is a pan-European directional long short equity strategy, the same strategy as the JPMorgan Europe Dynamic Long Short hedge fund of which Gambhir was the sole portfolio manager. The strategy uses bottom-up stock selection blended with an element of top down overlay.
Gambhir was previously managing director and head of the European high alpha team at JPMorgan Asset Management, running over $8 billion of assets. Gambhir personally managed $6 billion of assets, all of which was in either absolute return or unconstrained vehicles.
“The launch of this fund demonstrates how our business has developed in the last 18 months. Alongside John Innes and Miles Geldard, the launch of Ajay’s fund means MPC now has three of the industry’s most exceptional investors running hedge funds,” said Peter Harrison, CEO of the firm.
“Ajay was very successful as the manager of the JPMorgan Europe Dynamic Long Short hedge fund and we are delighted that he is now running a similar fund at MPC…The $900 million raised was at the top end of our expectations and highlights the confidence investors have in both Ajay and MPC Investors even with the market turbulence of the last couple months.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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