Hedge Funds

Ospraie gets start-ups off to a $1.2bn start

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The number of big funds launched in January suggest that the boom in start-up activity is likely to continue in 2004. Among the big launches was Dwight Anderson, who completed a spin-out from Tudor and launched his Ospraie natural resources equity fund in January with $1.2 billion.

Other groups who have got things off to a flying start include SAC's Dan Tapiero, who launched his global macro fund DTAP. JP Morgan's Paul Zemsky and Donna Lloyd launched their fixed-income fund CaliberOne last month. CaliberOne opened its doors with $35 million in assets. Pequot's Jerry Schendel has also joined the