|Patrick Boyle, a successful quant trader formerly of Nomura Holdings and Millennium Management LLC, has enlisted the backing of Stanley Fink of International Standard Asset Management Ltd. to start his own London-based hedge fund. As reported by Bloomberg News, Patrick Boyle’s new hedge fund, Palomar Capital LLP, will be launched in August with $50 million of seeding, helped by an initial investment by Stanley Fink.|
Patrick Boyle has an established record of applying computer algorithms in managing his hedge funds to gains each year since 2001, including 2008 when hedge funds lost an average 19 percent. Palomar Capital LLP will employ the same directional trading strategy to bet on changes in market direction which can generate profits whether the markets rise or fall.
|Hedge Fund Lists|