Caliburn Capital rears the next generation of fund of funds thoroughbreds

Caliburn Capital's has a top-down focus on its institutional FoHF products, pursuing themes and those managers it deems most likely to exploit them successfully, as David Walker reports

Jeremy Rowlands knows what it means to generate healthy hedge fund returns. Rowlands was one of the three partners of the European equity long/short Bayard Fund that generated 17% annualised for a decade from 1992 and managed over $900m at its peak.

The name Bayard was chosen, as that of the mythical stallion given by the emperor Charlemagne to chevalier Renaud, a horse that would grow - as did the open-ended fund bearing its name - as each new rider took the reins.

The three Bayard Partners have