Holding Capital Backs RKC Capital, Preps India, Brazil Funds

Apr 25 2008 | 2:00am ET

New York-based Holding Capital Asset Management has acquired a minority stake in RKC Capital, a Salt Lake City-based hedge fund.

Holding Capital will help RKC founder Rusty Cannon establish a general partner entity for his long/short and market-neutral hedge funds, the Matador Fund and the Matador Market Neutral Fund, and assist the firm in “tightening” up its marketing materials.

“We’re basically looking for somebody we can trust since we do partner with them,” said Alan Reed, investment analyst, who manages the day-to-day operations of Holding Capital’s seeding unit. “We like RKC’s return profile and methodology. One thing we look for is a methodology that is simple and adaptable.”

Reed said his firm looks to invest in long/short equity strategies and doesn’t restrict its focus to any particular region. In addition to helping managers set up their operations, Reed said the firm also launches its own funds and tries to find managers to manage them where it deems there is a dearth of talent.

The firm is currently prepping an India-focused micro- and small-cap hedge fund with a locally-based manager “who knows that market,” and is looking to round up co-investors for the offering.

“We feel that India is pretty overvalued in general but we do see value in small caps and Holding Capital has had a lot of success investing in small caps in other regions like Russia,” said Reed.

In addition, Holding Capital will also help offshore managers set up their onshore funds and is currently in talks with a Brazilian hedge fund to create an onshore vehicle and open it up to U.S. investors. Reed said the firm is also looking for co-investors in this deal, which is “something that’s off in the horizon.”

Holding Capital Asset management is an affiliate of Holding Capital Group, a private equity investment and international money management firm. The group also manages an internal fund of hedge funds, Conservation Securities International, a $140 million global offering.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.