Hedge Funds

Clocktower to offer new fund


Clocktower Capital, a North American affiliate of global equity value manager Platinum Asset Management, is prepping an emerging markets hedge fund. The fund, which will be called Clocktower Emerging Markets, is set to launch later this summer. David Benwell is the portfolio manager for the new fund, with Platinum as the advisor. The firm was recently formed as a joint venture between Benwell and Australian-based Platinum, which manages approximately $3 billion in assets, of which $2 billion is in long/short strategies.

The new fund will initially have long-biased exposure to emerging markets such as Indonesia, South Korea, India,