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$100mm+ Hedge Fund Launches


Date: Tuesday, March 1, 2011
Author: HedgeTracker

A couple of hedge fund managers are proving that the fund raising environment for new launches is improving. Earlier this month, newly formed Indaba Capital launched its first hedge fund with a reported $150 million in assets under management, while Ionic Capital Management has reportedly raised more than $100 million for its newly launched convertible bond focused hedge fund.

Indaba Capital, which employs an event-driven strategy, was founded last year by Farallon Capital veteran Derek Schrier. While at Farrallon, Schrier was responsible for managing credit investments. Indaba only targeted a limited number of investors for the launch and hopes to double its assets during the second quarter when it opens up to outside investors.
Unlike Indaba Capital, Ionic Capital Management is not a start-up manager. The firm already has over $2 billion in assets under management and was founded back in 2006 by Highbridge Capital Management veterans Bart Baum, Dan Stone and Adam Radosti. The firmís flagship hedge fund is the Ionic Capital Master Fund, which employs an arbitrage / relative value strategy.


To view HedgeTrackerís lists of Top Hedge Fund Launches, please click below:

Top Hedge Fund Launches of 2011

Top Hedge Fund Launches of 2010

Top Hedge Fund Launches of 2009