Fund launches & closures

Ex-Magnetar man Rossbach leads Merian launch

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Christopher Rossbach, an experienced European hedge fund manager who previously ran a $1.5 billion European equities portfolio for the US-based hedge fund firm Magnetar Capital and established the firm's London business, has set up his own London-based firm called Merian Capital Partners.

The firm's debut Merian European Equities long/short fund launched in June. Rossbach and his team are targeting annualised returns of 15%, with moderate volatility, from fundamentally based, long and short investments in large and liquid European companies.

Before leaving Magnetar in November 2007 to set up Merian, Rossbach worked as an analyst at Lansdowne Partners, where