Campden Square Capital is the Newest Hedge Fund of Stephen Kirk in London
Campden Square Capital, a new hedge fund, has been launched by Stephen Kirk, a former partner at hedge fund manager Lansdowne Partners, in London.
The
fund manager, who officially left Lansdowne in December, was part of a
team that managed the Lansdowne Global Financials Fund. The fund has
produced an annualised rate of return of 10.4 percent since launch in
2004, according to data seen by Reuters.
The
launch comes following a year when hedge funds in Europe shut down at
the fastest-ever pace as rising costs, weak performance and a slowdown
in the pace of new investment lead some embattled founders to bail out.
Investors
pulled a net $13 billion out of European hedge funds in the second half
of last year, having invested a net $35 billion in the first half and
$64 billion in 2013, according to data from industry tracker
Eurekahedge.
The trend has meant that only the top ranking fund managers are able to launch and get investors' backing.
While
plans for Kirk's launch fund are still in development, two of the
sources said he may already have commitments of more than $200 million,
making it one of the larger fund launches in the region for 2015.
Source: Yahoo7 News
