Putnam Lovell NBF Securities is gearing up for the launch of its second fund on its new hedge fund platform. The firm is currently prepping the launch of a global macro fund. At the same time, the firm has opened its first fund, Tenor Opportunity, to outside investors and is looking to raise as much as $150 million before the end of the year.
Headed up by former J.P. Morgan portfolio manager, Robin Shah, Tenor Opportunity currently runs $100 million in seed capital from Putnam Lovell in a separately managed account. It is not clear whether the second fund