Saturday, 28 March 2015
Last updated 12 hours ago
Jan 17 2014 | 3:08pm ET
Eminence Capital veterans Hari Ramanan and Adam Ryan have raised over $100 million for their new hedge fund.
Regulatory filings show the onshore Valarc Fund launched in January with $47 million while the Caymans-based Valarc Offshore Fund launched with $60 million. (It should be noted the filings reflect only investments from U.S. investors; media reports last year said the pair would launch with over $200 million.)
The New York-based firm will employ a concentrated long/short global equities portfolio, The Wall Street Journal reported in December, similar to the strategy employed by the $4.5 billion Eminence.
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.
Contacted by FINalternatives, Valarc declined to comment on the launch.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…