Ex-Jabre Capital Manager Tabet Said to Start Hedge Fund Firm
2014-10-24 08:00:00.1 GMT
By Will Wainewright
Oct. 24 (Bloomberg) -- Ziad Tabet, a former money manager
at Philippe Jabre’s hedge fund, will start a firm in London next
year, according to three people with knowledge of his plans.
Amakor Capital Management LLP will deploy an event-driven
strategy, said the people, who asked not to be identified
because Tabet’s plans are private. Tabet, who worked for Jabre
Capital Partners SA since 2007, registered the name with
Companies House in the U.K. in late August, and plans to start
the firm in the first quarter.
Tabet, 43, has hired Sean Burnard, the former chief
operating officer and chief financial officer of Falcon Money
Management LLP, a London-based asset-management firm, according
to two of the people. Goldman Sachs Group Inc. and UBS AG were
hired as prime brokers, the people said. Tabet and Jabre
declined to comment.
Investors allocated more money to event-driven funds, which
typically try to profit by trading on corporate events such as
takeovers, than any other strategy in the third quarter,
according to Hedge Fund Research Inc. data. Bloomberg’s Global
Aggregate Hedge Fund Index, which tracks more than 2,400 firms
globally, has risen about 2.3 percent this year. Some
institutional investors say there is a lack of event-driven
managers trading European opportunities.
“In Europe, there is a lack of depth of field in event-
driven and equity long-short so we are always on the margin
keeping our eyes open,” Anthony Lawler, head of portfolio
management for a unit of GAM Holding AG that invests in hedge
funds, said in an Oct. 20 interview.
Several new European hedge fund firms with an event-driven
strategy have attracted more than $50 million from investors.
Fredrik Juntti has about $250 million for London-based Abberton
Capital LLP, which he’s planning to start this year. RS Platou
Asset Management LLP, run by Elvis Pellumbi and Alessandro
Esposito, is starting an event-driven hedge fund in November.
Tabet co-managed the Jabcap Event Driven Fund Ltd. from
November 2010 to June 2014. Before joining Jabre in 2007, he
worked for TPG Capital Management LP and Tribeca Global
Management Europe Ltd., according to his LinkedIn page.
For Related News and Information:
Hedge Fund Startups in London Revive With Ex-Ziff, TPG Managers
NSN NCUZL16S972I<GO>
Hedge-fund news: NI HEDGE <GO>
Hedge-fund rankings: HFND <GO>
To contact the reporter on this story:
Will Wainewright in London at +44-20-3525-9007 or
wwainewright@bloomberg.net
To contact the editors responsible for this story:
Edward Evans at +44-20-3525-3190 or
eevans3@bloomberg.net
Jon Menon, Steve Bailey
2014-10-24 08:00:00.1 GMT
By Will Wainewright
Oct. 24 (Bloomberg) -- Ziad Tabet, a former money manager
at Philippe Jabre’s hedge fund, will start a firm in London next
year, according to three people with knowledge of his plans.
Amakor Capital Management LLP will deploy an event-driven
strategy, said the people, who asked not to be identified
because Tabet’s plans are private. Tabet, who worked for Jabre
Capital Partners SA since 2007, registered the name with
Companies House in the U.K. in late August, and plans to start
the firm in the first quarter.
Tabet, 43, has hired Sean Burnard, the former chief
operating officer and chief financial officer of Falcon Money
Management LLP, a London-based asset-management firm, according
to two of the people. Goldman Sachs Group Inc. and UBS AG were
hired as prime brokers, the people said. Tabet and Jabre
declined to comment.
Investors allocated more money to event-driven funds, which
typically try to profit by trading on corporate events such as
takeovers, than any other strategy in the third quarter,
according to Hedge Fund Research Inc. data. Bloomberg’s Global
Aggregate Hedge Fund Index, which tracks more than 2,400 firms
globally, has risen about 2.3 percent this year. Some
institutional investors say there is a lack of event-driven
managers trading European opportunities.
“In Europe, there is a lack of depth of field in event-
driven and equity long-short so we are always on the margin
keeping our eyes open,” Anthony Lawler, head of portfolio
management for a unit of GAM Holding AG that invests in hedge
funds, said in an Oct. 20 interview.
Several new European hedge fund firms with an event-driven
strategy have attracted more than $50 million from investors.
Fredrik Juntti has about $250 million for London-based Abberton
Capital LLP, which he’s planning to start this year. RS Platou
Asset Management LLP, run by Elvis Pellumbi and Alessandro
Esposito, is starting an event-driven hedge fund in November.
Tabet co-managed the Jabcap Event Driven Fund Ltd. from
November 2010 to June 2014. Before joining Jabre in 2007, he
worked for TPG Capital Management LP and Tribeca Global
Management Europe Ltd., according to his LinkedIn page.
For Related News and Information:
Hedge Fund Startups in London Revive With Ex-Ziff, TPG Managers
NSN NCUZL16S972I<GO>
Hedge-fund news: NI HEDGE <GO>
Hedge-fund rankings: HFND <GO>
To contact the reporter on this story:
Will Wainewright in London at +44-20-3525-9007 or
wwainewright@bloomberg.net
To contact the editors responsible for this story:
Edward Evans at +44-20-3525-3190 or
eevans3@bloomberg.net
Jon Menon, Steve Bailey