Launches & Closures Hedge Funds

Former PointState PM gets family office backing for $100M+ TMT launch


Beeneet Kothari to start trading with Tekne Capital before yearend.

  Beeneet Kothari

Beeneet Kothari, until recently the youngest portfolio manager at Duquesne Capital Management spinout PointState Capital, plans to launch his own global long/short hedge fund before the end of the year with backing from a large European family office, according to several people familiar with the plans.

The new fund is called Tekne Capital, after a Greek word that loosely translates to "craft" or "art". It will run a technology, media and telecommunications focused portfolio, similar to the several hundred million dollars Kothari ran for $6 billion PointState for two years.