Hedge Fund Rising Stars: Thierry Lucas

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Thierry Lucas
Portland Hill Capital

Just a year old, Thierry Lucas’s London-based Portland Hill Capital has already amassed about $150 million in assets with no seed capital — an impressive tally helped by the firm’s unblemished record of positive monthly returns. (The fund gained 7.4 percent for the seven months it was up and running in 2012 and an additional 6.1 percent through the first quarter of this year.) Lucas, 41, who grew up in Portugal and France, has a degree in finance and law from École Supérieure de Commerce de Paris (now ESCP Europe) and an MBA from Harvard Business School. After Harvard he spent two years at Goldman Sachs Group as a portfolio manager and adviser on high-net-worth and institutional accounts before moving to Merrill Lynch & Co. In 2004, Lucas joined New York–based Eton Park Capital Management, the multistrategy hedge fund firm founded by former Goldman Sachs partner Eric Mindich, as the first employee in its London office. After seven years as a successful portfolio manager there, he launched Portland Hill, which focuses on long-short equity and event-driven investing. Lucas has entrepreneurial chops: In 2000 he co-founded a software company that he sold to European technology firm Voxpilot.