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After running Goldman's quantitative investment business for nearly a decade when the Global Alpha fund rose an average 12 percent every year, Carhart attracted lots of attention when he struck out on his own.
But the money did not flood in, making for a tough start as Carhart and his team of 30 people - including former Goldman colleagues Bob Litterman and Giorgio Di Santis - built a track record and crisscrossed the country to woo investors.
Now with some $500 million is assets, a 13 percent return since inception, several prominent clients and a just-earned award from Institutional Investor as emerging hedge fund of the year, Kepos could be on track to raise a lot more, industry analysts said.
Through May, the Hennessee Group shows the average hedge fund gained only 2.15 percent, while the Newedge Macro Trading Index grew only 0.74 percent.
Working in Kepos' favor may be a revived taste for quant funds after investors long shunned their so-called black box models and complained that quant managers were overly protective about information.
http://www.reuters.com/article/2012/06/22/us-hedgefunds-carhart-idUSBRE85L1CH20120622
But the money did not flood in, making for a tough start as Carhart and his team of 30 people - including former Goldman colleagues Bob Litterman and Giorgio Di Santis - built a track record and crisscrossed the country to woo investors.
Now with some $500 million is assets, a 13 percent return since inception, several prominent clients and a just-earned award from Institutional Investor as emerging hedge fund of the year, Kepos could be on track to raise a lot more, industry analysts said.
Through May, the Hennessee Group shows the average hedge fund gained only 2.15 percent, while the Newedge Macro Trading Index grew only 0.74 percent.
Working in Kepos' favor may be a revived taste for quant funds after investors long shunned their so-called black box models and complained that quant managers were overly protective about information.
http://www.reuters.com/article/2012/06/22/us-hedgefunds-carhart-idUSBRE85L1CH20120622
