Part of the reason we maintain this weekly feature is that new hedge funds mean new hedge fund jobs — not always, but often. If a small shop just starting out isn’t necessarily hiring, a strong firm launching its fifth fund may very well be. It’s a small world out there, and knowing where the movement is can only help. Chances are, there are very few degrees of separation (1 or 2) between you and somebody involved with any fund mentioned in this feature. An article from FinAlternatives, reporting the first of the funds we list below, directly notes: “Barker and Coley are also in the market to hire traders and other staffers for the new venture.”
Randy Barker and Geoff Coley formerly of Citigroup will start a distressed debt hedge fund.
The Pamplona Credit Opportunity Fund will open in September.
The PCM Green Power Fund (Hong Kong) invests in the environment and alternative energy.
Armored Wolf (California), a new firm, will run a commodity hedge fund.
AltEdge (UK) has opened two funds of hedge funds.
Marshall Wace (UK) has opened a Hong Kong office and plans several Asia-focused funds.
MPC Investors (UK) has changed its name and will launch the RWC Asia Ascent Fund.
Laven Partners (UK) has launched a fund of hedge funds and a futures fund.
The Athamas Capital SICAV SIF Hedge Fund (Luxembourg) focuses on energy and the environment.
ING Investment Management India has launched a fund of funds focused on Latin America.
Cazenove will launch UK Absolute Target.
Permian Investment Partners (New York) is a trio of former employees of Brahman Capital.
Mandarine Gestion (France) will launch two funds in September.
The KS Asia L/S Fund (Hong Kong) will be run by Kyle Shin, formerly of Kingdon Capital Management.