Patrick Degorce’s Theleme Partners largest launch since financial crisis with $700 million

October 28th, 2010
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Patrick Degorce’s Theleme Partners, which had already turned heads as one of the top hedge fund openings of 2009 with $200 million, has now raised $700 million, making it the largest equity hedge fund launch since the financial crisis. According to the Financial Times, Themele Partners has returned over 10% since its inception in February of this year, but the hedge fund has also garnered attention for its abandonment of the traditional “two and twenty” rule. Instead, Theleme Partners charges only performance-based incentive fees that apply for the duration of the investment. The hedge fund will soft-close when it reaches $1.2 billion.

Theleme Partners is a global long/short equity hedge fund was founded by Patrick Degorce, who was previously a co-founder and top strategist of the shareholder activist-focused Children’s Investment Fund. The firm operates on the platform of alternative fund manager Landsowne Partners.
For Detailed Investor Profiles on these Investors, click below:
Lansdowne Partners
The Children's Investment Fund Mgmt
Theleme Partners
Related People: Chris Hohn; John Sheridan; Patrick Degorce; Paul Ruddock*; Peter Davies ; Rishi Sunak; Robb LeMasters; Snehal Amin; Steve Heinz*; Timothy Keough
Related Entities: Children's Investment Master Fund; Childrens Investment Fund LP; Childrens Investment Fund Management (UK) LLP; Lansdowne European Equity Fund; Lansdowne European Long Only Fund; Lansdowne European Strategic Equity Fund; Lansdowne Global Financials Fund; Lansdowne Partners; Lansdowne UK Equity Fund; Morgan Stanley; TCI; The Children's Investment Fund; The Children's Investment Fund Foundation; The Children's Investment Fund*; Theleme Capital; Theleme Partners
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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