Bank Traders Rushing to Launch New Hedge Funds: Borut Miklavcic’s LindenGrove Capital and Antoine Cornut’s Camares Capital

November 23rd, 2012
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Spurred by ongoing cutbacks by U.S. banks and the continued contraction of the investment banking industry, an increasing number of traders are braving the treacherous path toward new hedge fund launches. As reported by CNBC, the number of new hedge fund launches is expected to increase even as the failure rate of new fund ventures rises.

Recent trends haven’t deterred some of the more high profile traders, such as Mike Steward and Deepak Gulati from JP Morgan, or Sutesh Sharma of Citi who find themselves struggling with their hedge fund startups. Borut Miklavcic of Nomura debuted his new hedge fund, LindenGrove Capital in November. Deutsche Bank’s Antoine Cornut, who started Camares Capital, will apply his trade in the better performing credit markets. The biggest challenge for hedge fund startups is the dearth of capital investment have tended to flow to the larger, more established hedge funds since the financial crisis.
Related Article Tags: Investment Management, Fund Manager and General Financial News; Featured Reports; Hedge Fund Launches and Hedge Fund Closings

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