Forex Hedge Fund Founders ‘Shoot’ For Better Times On Their Own

May 14 2008 | 9:09am ET

A team of veterans of trouble hedge fund Shooter Fund Management are striking out on their own.

The foursome has founded Dacharan Capital, which hopes to raise up to US$200 million for a currency hedge fund, Bloomberg News reports. The firm is led by former Shooter marketing chief David Beddington and ex-traders Antti Aitio, Ari Andricopoulos and Charles Phan.

London-based Shooter’s multi-strategy fund plummeted 40% last year, due mostly to losses on equity-index trades. But its quantitative foreign-exchange portfolio returned 34% last year, and is up 10% this year, Dacharan marketing documents show.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of