Hedge Fund-M&A: Stormharbour Alternative Investments

Date: Tuesday, November 30, 2010
Author: Alex Akesson, HedgeCo.net

New York (HedgeCo.net) – New York independent advisory firm, StormHarbour Partners LP, has acquired London-based hedge fund Fortrinn Partners LLP, a FSA regulated investment manager that specialises in volatility trading strategies. The acquisition, through which Fortrinn Partners LLP will be renamed StormHarbour Alternative Investments (SHAI), is subject to FSA approval.

“There are many opportunities in the market for volatility trading strategies and we firmly believe that our ability to capitalise on these opportunities will be enhanced by StormHarbour’s support and resources.” Keith DeCarlucci, founder and CEO of Fortrinn, said of the acquisition.

Fortrinn Partners LLP was founded by CEO and former principal of MKM Longboat Keith DeCarlucci, and Antonis Giannopoulos, who has been working with DeCarlucci for over eight years. Fortrinn Partners currently manages the Fortrinn Convexity Fund Ltd. The Fund’s trading strategy is designed to greatly benefit from markets risk re-pricing. The strategy has consistently produced outstanding returns since the beginning of 2006, when it was a subset of a larger fund, and since 2008 as a stand-alone strategy, with no negative year and low volatility.

Under the terms of the acquisition, DeCarlucci will continue to manage the Convexity Fund, while joining the Executive Committee of SHAI, led by Thierry Sciard, a Managing Principal of StormHarbour and SHAI CEO, and Nicolas Andine, a Principal of StormHarbour and SHAI CIO.

Editing by Alex Akesson
For HedgeCo.net
alex@hedgeco.net