Hedge Funds

Convexity set for mid-February mega-launch


Convexity Capital Management, the new alternative asset management firm set up by former Harvard University endowment chief Jack Meyer, is set to begin trading in mid February with roughly $6.3 billion in assets.

If all goes as plans, Convexity will be the biggest hedge fund launch ever, far exceeding the $3.5 billion raised by Eric Mindich for Eton Park in 2004 or the $2.8 billion raised by Dinakar Singh's TPG-Axon Capital for its February 2005 launch. (TPG-Axon went on to nearly double its capital, reaching $5.49 billion by December 1.)

Convexity, which will focus on fixed-income strategies, is generating a