Launches & Closures

New Peak, Portman Square lead accelerating new launch line-up

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New fund launch activity in Europe is picking up tempo after a long sluggish period, with several major new operations due to open their doors in the coming weeks and months.

Nearing the starting gate are two of the most eagerly-awaited new arrivals this year: the Portman Square multi-strategy relative value spin-out from Citi’s global prop trading team, comprising a big team headed by Old Lane veteran Sutesh Sharma; and New Peak, the new venture led by Och-Ziff’s former European event-driven head Massimo Bertoli.

Both of these two new set-ups are expected to start in November with at