Wednesday, 17 December 2014
Last updated 9 hours ago
Dec 2 2013 | 7:12am ET
A pair of Eminence Capital veterans are set to launch a hedge fund of their own with at least $200 million in initial assets.
Hari Ramanan and Adam Ryan have founded Valarc Holdings in New York. The two plan to build a concentrated long/short global equities portfolio, The Wall Street Journal reports, similar to the strategy employed by Eminence, which is up 8.43% this year and returned 24% last year.
Investors in Valarc will be subject to a four-year lockup.
Ramanan was a European and emerging-markets portfolio manager at Eminence, while Ryan served as a senior analyst. The $4.5 billion hedge fund has been in the news lately with its foray into activism, pushing for a merger between Jos. A. Bank Clothiers and Men's Wearhouse, which it owns 10% of.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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.