{"id":4706,"date":"2006-07-11T00:00:00","date_gmt":"2006-07-11T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"mittal-hedge-fund-aims-for-500-million-scoop","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/07\/2006\/mittal-hedge-fund-aims-for-500-million-scoop.html","title":{"rendered":"Mittal Hedge Fund aims for $500 million Scoop"},"content":{"rendered":"<p>WEST PALM BEACH, FL (HEDGECO.NET) &#8211; Kenneth Jeyaretnam, a player in the widely known Mittal takeover of Arcelor is about to launch his own hedge fund. He is the son of the leader of Singapore\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2ssocialist opposition, <span class=\"caps\">JB<\/span> Jeyaretnam. The fund will be Global with exposure predominately to Europe, Asia and cross-border US. The fund, which will be based on mergerarbitrage and distressed debt trading, aims to scoop up an initial $500m of investment funds.<\/p>\n<div class=\"writeboardbody\">\n<p>    The new hedge fund, The Stamford Global Event Driven Fund, will look to Japanese investors for funding. Jeyaretnam, a City derivatives trader, is launching the fund with a bias towards Asian and    Australasian markets. While details of investors in hedge funds are typically a closely guarded secret, its <span class=\"caps\">FSA<\/span> authorisation has been obtained through Noble Asset    Management, (N.A.M.) although Stamford is expected to apply for authorisation in six months.  <\/p>\n<p>    N.A.M. has been set up in direct response to growing demand from sophisticated investors seeking to capture the early stage outperformance often displayed by emerging managers and to provide    access to future stars.  <\/p>\n<p>    Jeyaretnam commented \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cWe are delighted to be working with N.A.M. The Principals and employees of N.A.M. have great integrity and have shown real commitment to building a highly successful asset    management business. Their network within the industry and relationships with potential investors to include strategic investors is unrivalled.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d  <\/p>\n<p>    He says he has an \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cexclusive network of advisers and researchers\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d and his strategy excludes US domestic situations. \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cI view these as a crowded space,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d he says. \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cI will continue, however, to have    the flexibility to look at North America and US cross-border opportunities.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d The fund will invest in situations sparked by corporate events, such as a merger or a bankruptcy.  <\/p>\n<p>    Kenneth Jeyaretnam was previously the Principal Investment Manager of the Titanium Global Event Driven Fund, which was launched in March 2004 utilising a strategy developed by him.  <\/p>\n<p>Alex Akesson  <\/p>\n<p>    Contributing Writer<br \/>    HedgeCo.Net<br \/>    Email: Editor@hedgeco.net  <\/p>\n<p>    HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge    Funds!  <\/p>\n<p>    <strong>Be sure to check out our sister sites. <a href=\"http:\/\/www.hedgefundlounge.com\/\">www.hedgefundlounge.com<\/a>, <a href=\"http:\/\/www.hedgefundtools.com\/\">www.hedgefundtools.com,<\/a><\/strong>    and <a href=\"http:\/\/www.hedgefundemployment.com\/\"><strong>www.hedgefundemployment.com.<\/strong><\/a>  <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>WEST PALM BEACH, FL (HEDGECO.NET) &#8211; Kenneth Jeyaretnam, a player in the widely known Mittal takeover of Arcelor is about to launch his own hedge fund. He is the son of the leader of Singapore\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2ssocialist opposition, JB Jeyaretnam. The fund [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4706","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4706"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4706\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}