Sunday, 29 November 2015
Last updated 1 day ago
Nov 6 2007 | 7:28am ET
Hedge fund Jabre Capital, founded by a former star GLG Partners trader, is set to launch a European mid-cap hedge fund next month.
The JabCap Mangousta fund will be an open-ended long/short offering with a European mid-cap bias. It is expected to launch in early December and to raise as much as €500 million (US$725 million).
Geneva-based Jabre Capital was founded last year by Philippe Jabre in the wake of his receipt of the largest individual fine ever imposed by the British Financial Services Authority, for alleged insider-trading while at GLG. In spite of that rocky start, the firm’s three strategies—a multi-strategy hedge fund, a global equity absolute return fund and a global convertible absolute return strategy—have enjoyed fundraising success this year, with the multi-strat fund having added 10.5% since its February launch.
The Mangousta fund is helmed by GLG veteran Renaud Saleur, who ran a similar strategy at the London-based hedge fund.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…