Gene Blevins/Reuters
London's hedge-fund scene will have a new player come fall.
Former Bank of America executive Julien Bahurel is set to launch equities-focused Como Capital in either October or November, sources told Insider, with around $700 million in capital.
Bahurel's most recent role at Bank of America was head of equities for Europe, the Middle East, and Africa. Insider previously reported that he left his role last summer, and was replaced by Martina Slowey. He also previously worked at UBS and Morgan Stanley.
Sources said the team is expected to launch will be at least ten people, but many are serving non-competes and cannot be linked publicly with the new manager. Sources say there will be staffers from the buy-side and sell-side joining the new venture.
The appetite for new funds has increased as the vaccines have been rolled out and business travel has somewhat resumed. Prime brokers expect the rest of the year to have a wave of launches as allocators can meet with managers in-person again after a slowdown last year.
In London, new funds are expected from former York Capital portfolio managers Jack Land and Christophe Aurand later this year.
New managers in the US include $500 million Pinnbrook Capital from former PointState deputy CIO Zachary Kurz and Alex Karnal's healthcare-focused manager Braidwell.
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