Promising Spring for New Hedge Fund Launches

Rubicon, GLG and SAC alumni are launching their own funds, and market watchers say it is finally getting a little easier for experienced managers to get new businesses off the ground.

By Ben Baris

It has been a long and acrimonious haul, but Tim Attias, 47, and Santiago Alarco, 49, both formerly of Rubicon Fund Management, started trading a hedge fund of their own this month. Canosa Capital, based in London, launched with about $300 million nearly a year after Attias and Alarco settled a lawsuit with their former employer for an undisclosed sum.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.