One year ago
>> Former Kingdon Capital management portfolio manager
Kathleen Kelley was primed to start her own macro fund,
Queen Anne's Gate Capital Management.
Kelley hoped to launch with between $100 million and $200
million, but fundraising was not as strong as it might have
been. She began trading in September and had approximately $10
million at the start of the 2013, leaving it off the
Absolute Return new funds ranking. The fund gained 1.6% in
the last four months of 2012, compared with a 1.17% rise for
Absolute Return Macro Index, and was up a further 0.6%
through the end of February this year, trailing the benchmark,
according to investor documents.
In July at an investment conference, Kelley recommended
shorting the British pound sterling and platinum. Since then,
the pound has dropped from $1.54 to $1.51, while platinum has
risen approximately 11%, according to the ETF Physical Platinum
See more new
>> Gunnar Overstrom, who had for a decade overseen
financials investments at Maverick Capital, resigned.
Overstrom had resurfaced as the head of a new firm,
alongside partner Jeff Eisenstein, formerly a partner at
TPG-Axon Capital Management. His fund, dubbed Three Corner
Global Investors, will launch in the first half of this year
with an anchor investment of up to $100 million from the
An external spokesman for the fund, Jonathan Gasthalter of
Sard Verbinnen & Co., declined to comment.
Ex-Maverick partner Steve Galbraith preps major launch
Five years ago
>> Hedge fund manager and
Boston Red Sox owner John Henry took a crack at New York
Yankees executive Hank Steinbrenner, inducting him as an
honorary member of the Red Sox fan club.
Henry's Red Sox beat the Yankees Monday in their season
opener in front of a sell-out crowd in the Bronx.
Henry's professional results haven't been as bright.
His JWH & Co. announced last year it was returning
client money, which at peak comprised $3.5 billion. Performance
may have been a factor: Its Diversified Plus managed futures
fund was down 11.49% in 2012 through the end of September,
worse than the 0.58% rise for the Absolute Return Managed
Futures index during that period. Full performance for the
firm's funds is available
John Henry denies Red Sox sale -
John W. Henry & Co. hires business development