Two former executives at New York-based Eminence Capital are teaming up to launch their own hedge fund firm.
The Wall Street Journal
reported that Hari Ramanan and Adam Ryan's Valarc Holdings, which is also based in New York, is expected to start trading in January with about $200 million in assets.
Valarc is requiring that investors lock up their money in the firm for a minimum of four years.
The article added that Eminence, which is posted a 24% return in 2012 and is up an additional 8.43% this year through the start of November, is currently not accepting new capital to its flagship fund---making Valarc an attractive alternative.
Ramanan was a portfolio manager at Eminence, co-managing European and emerging market investments, while Ryan was a former senior analyst at the firm.