Hedge Funds

Helmers picks up where Heffernan left off


John Helmers, a former partner and equity analyst for Mark Heffernan's Satoha Fund, is planning the launch of his own hedge fund on November 1. Swiftwater Capital will incorporate a blend of directional global macro and long/short equity strategies. The fund is expected to raise as much as $250 million in initial capital commitments.

Helmers, who had planned to launch his own fund under the Satoha umbrella, ventured out on his own after Heffernan decided to close down the global macro fund to spend more time with his family. Satoha, which was only up and running for just over