Eminence Vets Raise Over $100M For Hedge Fund

Jan 17 2014 | 4:08pm 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.


In Depth

Miklavcic: Macro With An Edge

Jan 23 2018 | 4:31pm ET

While many global macro funds incorporate inflation into their strategies, not many...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of