Two emerging traders from London-based Man Group are preparing one of the largest hedge fund launches in Europe this year.
Financial Times reported that Bart Turtelboom and Karim Turtelboom, who left Man affiliate GLG in January, are currently raising money for APQ Partners.
APQ’s first fund, which will focus on emerging markets, will soft launch in the second quarter with about $100 million to $200 million in capital. It is expected to officially launch later in the year with at least $500 million in assets.
Prior to their departures, Turtelboom and Turtelboom were co-heads of GLG’s emerging markets fund since 2008.