Saturday, 31 January 2015
Last updated 23 hours ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…