Saturday, 29 November 2014
Last updated 23 hours ago
Jul 17 2014 | 12:45pm ET
TPG Capital’s first hedge fund is opening its doors to clients after posting impressive early returns.
The private-equity giant launched the stock fund last year. The vehicle invests in listed stocks, seeking to deploy “all of the data, research and intellectual property” of TPG’s $50 billion p.e. portfolio, Justin Nunez, a marketer at the firm, told potential investors in a recent letter.
TPG and an unidentified partner seeded the vehicle, run by former Conatus Capital trader Alex Gleser, with $100 million last summer, according to Hedge Fund Alert. The fund has since returned 24% and now manages $150 million.
In addition to the letter, TPG has been meeting with small groups of investors to discuss the strategy, HFA reports.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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