Ex-Fido Fund Manager Preps First Hedge Fund

May 13 2008 | 8:43am ET

A former top mutual fund manager at Fidelity Investments has founded a hedge fund.

Graham Clapp, who headed European equities at Fidelity International before his departure last year, has set up Pensato Capital in London, according to regulatory filings. The firm plans to launch a long/short equity fund focusing on Europe, Financial News reports.

Clapp managed Fidelity’s €21 billion (US$27 million) European growth fund for four years. At Pensato, he will work alongside Dawnay, Day Investment Banking veteran Edward Rumble and David Watson, former chief operating officer at private equity firm Coller Capital.

Goldman Sachs is Pensato’s prime broker.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

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

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...