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

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note