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

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...