TPG's Svein Leaves To Found Hedge Fund; Firm Shuts London Office

Nov 18 2013 | 1:51pm ET

Montrica Investment Management co-founder Svein Hogset is leaving TPG-Axon Capital Management three years after the firm acquired his hedge fund, in order to set up a new one.

Svein Hogset plans to return to Oslo, Norway, next year, reportedly for family reasons. But that will not keep him on the sidelines, as he plans to launch a European mid-cap long/short hedge fund, according to Financial News.

Hogset's new firm will be a concentrated vehicle investing across all sectors.

Hogset's departure will see New York-based TPG shut its small London office, which is a legacy of its acquisition of Montrica in 2010. The office's two analyst both worked with Hogset; one will remain with TPG and will move to Hong Kong, the other will leave the firm.

Hogset, who worked with TPG founder Dinakar Singh at Goldman Sachs before founding Montrica, remained at TPG in spite of the firm's move last year to shut Montrica's only hedge fund. According to FN, his departure now is amicable.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...