Thursday, 18 December 2014
Last updated 8 hours ago
Dec 7 2006 | 9:16am ET
New York-based Traunche Capital Advisors is launching its maiden hedge fund, Traunche Global Micro Fund, in January with some $6 million in initial capital.
The global long/short vehicle will look take a top-down approach to investing in companies that are less covered by equity analysts, according to founder Evan Vaughan. “I’ll rather look at an electrical equipment maker than a tech company,” he said.
“Some of these larger funds are not going to look at a $150 million company whereas we are more than willing to spend a few days going through everything about that company.”
The fund will also make macro bets on exchange-traded funds, said Vaughan. The fund’s current top holdings include Gazprom, the Russian oil and gas behemoth, and the Templeton Dragon Fund, a non-diversified, closed-end management investment company.
The Traunche Global Micro Fund charges fees of 1.5/20 with a $250,000 minimum investment requirement.
Prior to founding his firm, the 24-year-old Vaughan served as an equity analyst for Washington, D.C.-based Hovde Capital Advisors, an investment banking and alternative asset management firm focused exclusively on the financial services sector.
Vaughan said he is aware of the disadvantages of starting up a hedge fund at such a young age and he plans to wait until he can establish a solid track before marketing his fund to outside investors.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.