|Laurent Constanty and Fabien Baetz recently announced that they have formed Reaching Value LLP and are in the process of launching its flagship hedge fund, the Reaching Value and Opportunities Fund.|
Reaching Value LLP will launch with $20M of the founders own capital, while targeting to raise an additional $100M from outside investors, according to Reuters.
Laurent Constanty and Fabien Baetz previously worked together at the UBS Group in the bank’s Structured Solutions group. Constanty left UBS late last year, after spending nearly 6 years at the bank.
Following its launch, Reaching Value LLP will be eligible to joins it fellow recently launched hedge funds on Hedge Tracker’s Top Emerging Manager List. The Top 50 Emerging Managers on the list are having another strong year, having seen their assets jump 30% year-to-date.