1 Jul 2009

NAME OF NEW HEDGE FUND INSPIRED BY WHO SONG

Three traders from Brevan Howard Asset Management LLP and RBS Greenwich Capital Markets started a government-bond hedge fund named for one of their favorite songs by the Who, writes Tom Cahill of Bloomberg.
 
5:15 Capital Management LLC, taken from the track “5:15” on the British rockers’ 1973 album “Quadrophenia,” will begin trading today with about $60 million, according to Morris Sachs, one of the founders, who said the fund will soon grow to $100 million. EG Fisher, 40, and Rob Wahl, 42, have joined him at the Greenwich, Connecticut-based fund and will be managing partners.
 
“We’re all Who fans and love that tune,” Sachs, the fund’s chief risk officer, said in a telephone interview. “What are we going to do, try to find another name for the Greek god of money?”
 
“Let’s hope everyone does well and that no one gets fooled again,” comments the editor of www.thewho.com.
 
To read the full article in Bloomberg, CLICK HERE.