In the search for new finance job opportunities, it’s worth keeping an eye out for new boutique launches. In the UK, this means being authorised by the Financial Conduct Authority. Around 200 firms were authorised in February and March, each one tracked by corporate finance boutique IMAS. In our opinion, these four are the most interesting.
More of a rebrand than a new launch, Adaxia Capital Partners is a private equity firm that spun out from Climate Change Capital and was previously called CPE. It currently has eight FCA registered employees, focusing on investments in the resource efficiency sector through its €200m fund.
The launch of the London branch of Chinese fund manager Harvest Fund Management’s UK arm was unveiled in February, but has only just received FCA authorisation. The new office will essentially be an offshore RMB trading operation – an area London is aiming to gain traction in – and has six registered employees. Jeff Lim, who has worked for Harvest since 2011, is chief executive; hedge fund veteran Darren Estee is compliance director.
Chris Dale, made $450m during nine years working as a trader at Millennium. He has just received authorisation for his own fund, Kintbury Capital. Kintbury is one of the most hotly anticipated hedge fund launches of the year. The fund’s employees also include ex-Millennium employee Nick Xanders. John Aves is chief operating officer along with former Marble Bar Asset Management partner Michael Burton.
Panning is a boutique hedge fund set up by former RBS non-core markets trader Sajni Shah and ex-Lucidus Capital Partners portfolio manager Oliver Davey. It received the thumbs up last month. So, far, these are the only two listed employees, so don’t expect too many opportunities.