Tuesday, 2 June 2015
Last updated 10 hours ago
May 5 2008 | 2:00am ET
A new London hedge fund firm is preparing its first offering in an effort to capitalize on current market volatility.
AlphaTran Capital said it will launch a long/short equity fund with US$50 million in seed capital from Thames River Capital. The fund, targeting 20% annual returns, will focus on large-cap stocks, with the ability to move between 40% net short and 40% net long, Reuters reports.
“Current market volatility has created a lot of investment opportunities for funds such as AlphaTran and is an ideal environment for stockpickers,” firm co-founder Damien Tran, formerly a partner at activist hedge fund shop The Children’s Investment Fund, said.
Tran’s partners are Christophe Beauvilain, formerly of Phylon, and Christophe Puyo, a veteran of Société Générale Asset Management.
The new fund will reportedly boast a US$3 billion capacity.
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…