Steve Mandel’s son launches a fund (and other new ADV filers)

In May, we highlighted a group of managers who had recently filed an ADV for the first time. This week, we refreshed that analysis to spotlight another set of managers with first-time disclosures filed in the last few months. On Friday, OWL users received a list of 25 first time ADV filers and we’ve included a few of those below.

These disclosures are one of several data sources that provide OWL users with unique and timely profiles of small and emerging managers. Other examples include new 13F filings and OWL’s unique team change alerts, both of which can be used to find interesting managers before they are discovered by others.

One new ADV filer that caught our attention was Fremen Capital Management, led by Benjamin Mandel. Based in Stamford, CT, the long/short equity fund disclosed $146 million in assets recently. While there’s not much public information yet about the fund, we did confirm that Benjamin is Steve Mandel’s son.

Here are a few additional first-time ADV filers that caught our eye. If you would like to learn more about how to track new managers using OWL, reach out.

Aeonea Limited

• Location: Hong Kong

• Key Person: Robert Tau

• AUM: n/a

• Note: Multi-strategy hedge fund; ex-Balyasny

Halo Experience Company

• Location: Provo, UT

• Key Person: Ryan Smith (Qualtrics founder; Utah Jazz owner), Ryan Sweeney (Accel partner)

• AUM: $875 million

• Note: Sports/entertainment VC

Jetha Global

• Location: Dubai

• Key Person: Karan Danthi

• AUM: $119 million

• Note: Asia-focused tech crossover; Ex-Tybourne, seeded by Maverick

Otter Rock Advisors

• Location: Stamford, CT

• Key Person: Alexander Karlan

• AUM: n/a

• Note: Long/short equity; ex-Alua Capital

Other News/Events

• Jeff Bezos’ Billionaire Dad Is Hiring a CEO to Run His Family Office

• Ex-BlackRock CIO targets $700m for new credit hedge fund

• HighVista Strategies Completes Innovative Venture Capital Transaction in the Secondary Market

• Sosin Partners Takes Profits on Carvana After Turning Crisis Into Windfall

• Verdad Advisers to target Japan small-caps with new hedge fund launch

• $12 billion Walleye will back a new $500 million hedge fund from a former Millennium and Citadel healthcare portfolio manager

• RTW’s Wong: Biotech’s Five-Year Slump Is Over

• CalPERS Might Adopt the Total Portfolio Approach. Could More U.S. Investors Follow?

• Illinois Teachers picks senior investment officer for emerging managers

• UTIMCO Reports 10% FY Return

• Texas Teachers reports 10.8% return for FY25

• Oklahoma PERS reports 12.5% return for FY25

• U of Indiana hiring Director of Investments

• U of Georgia hiring Director of Investments

• Rockefeller University hiring Investment Officer

• Rice University hiring Associate Investment Director

• Partners Capital hiring Senior Investment Associate

   

About Old Well Labs

OWL is an intelligence platform built for allocators, by allocators. Leading endowments, foundations, and family offices use the system to find, monitor, and connect with thousands of fund managers globally. OWL's analytics engine has collected over one billion data points from 65 countries. We make it easy for allocators to find and track information about the managers they care about – not just positions but also performance analytics, people data, business information, and details about the manager investments of other allocators.

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