Reprinted from HFMWeek 23-29 August 2012
Previously a senior portfolio manager at industry giant CQS Investments, John Park struck out on his own this year, forming his maiden hedge fund firm in New Jersey. The arrival of JPark Capital hasn’t gone unnoticed. Among a group of new US firms tipped to perform well next year by HFMWeek interviewees, JPark launched its flagship, JPark Arbitrage, a market neutral valuation arbitrage strategy, in July, with a capacity of $250m. Keith Danko, the one-time head of US operations for London-headquartered CQS, will be a senior advisor at Park’s new firm, and will contribute operating capital, HFMWeek reported in June. The fund, which completed its first month with a net return of over 1%, will begin marketing to outside investors in September. “It’s been a great experience,” Park told HFMWeek. “One thing I have learned is the importance of getting top-quality legal, accounting and administrative advice.”