Thursday, 30 July 2015
Last updated 7 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…