Meriwether Vets Found Global Macro Shop

Aug 11 2008 | 12:01pm ET

A pair of John Meriwether protégés are going into business for themselves.

David Ko, the quantum physicist-turned-hedge fund trader, and Stephen Cain have set up Kurtosis Capital Partners in London. The firm aims to raise between $100 million and $250 million for the launch of a global macro volatility hedge fund, The Wall Street Journal reports.

Ko got his start in the hedge fund world at Meriwether’s Long-Term Capital Management, which collapsed amid the Russian debt crisis in 1998. He then joined Meriwether’s successor firm, JWM Partners. Cain also worked at JWM after stints with hedge funds Shumway Capital and Nylon Capital, as well as a period as global head of currency trading at Deutsche Asset Management.

The pair are reportedly eschewing the use of leverage, one of the main factors in the collapse of LTCM.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

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

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

Securities and Exchange Commission Chair Mary Jo White will step down as chair of the nation’s Wall Street overseer in January, setting the stage for a potential conservative shift in the regulator’s leadership under the incoming Donald Trump administration.