Canosa Capital Poised to Surpass $1B in AUM
The hedge-fund manager started by two Rubicon Fund Management LLP veterans Canosa Capital LLP is poised to triple assets under management to $1 billion within its first year, two people told Bloomberg.
Inflows at the London-based firm that started in May are coming from institutional and wealthy investors in Europe and the U.S., said the people, who asked not to be identified because the details are private.
Canosa, founded by Tim Attias, 48, and Santiago Alarco, 50, with backing from Stockholm-based hedge fund manager Brummer & Partners, began with $272 million in assets, with Brummer supplying about $250 million of that. The fund climbed 9.4 percent from May 1 through Dec. 31, according a performance report obtained by Bloomberg News.
Assets were $635 million as of Jan. 20, according to a letter that Attias and Alarco sent to investors that day along with the performance report. Canosa expects to receive another $115 million by Feb. 3, with an additional $250 million or more to arrive by March or April, said the two people with knowledge of the fund. They didn’t provide details on specific investors.Source: Bloomberg