Thursday, July 21, 2011

Ex-Deephaven Capital's new launches Fund

A hedge fund company was founded by a former Deephaven Capital's portfolio has launched its first Fund.

London-based Apson capital, formed by Edouard Salet, opened the Fund with 10 million dollars on July 5, according to a Securities and Exchange Commission filing.

The Fund's launch confirmed for HedgeFund.net a Apson representative on Tuesday. The representative also said the Fund is opened by more than 10 million dollars but declined to offer a certain amount.

Apson is one of several hedge funds company started by former employees of the now-defunct Minnesota firm Deephaven, sold by its parent company Knight Capital 2009 to Strong investment after having received 32% of the losses in 2008.

Tony Chedraoui which drove Deephavens focused on European hedge fund, launched with a Tyre capital reported $ 800 million at the end of 2009. Sanjay Bhatia, that drove Asian investment in Deephaven also began, isometric Capital Management in autumn 2009.

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