Colm O’Shea
| Colm O’Shea | |
|---|---|
| Born | Colm O’Shea 1970 |
| 🏡 Residence | London |
| 🏳️ Nationality | British |
| 🎓 Alma mater | Cambridge University |
| 💼 Occupation | |
| 💰 Net worth | $100 million + |
| Title | Chief Investment Officer |
| 🌐 Website | [1] |
Colm O'Shea (born 1970[1]) is the CIO and founder of COMAC capital a London UK based Global Macro Hedge Fund.
O’Shea’s fund COMAC manages over $5bn,[2] as of 2011. O’Shea worked from 1992, when he graduated from Cambridge, until 2003 as a trader for Citicorp. He worked for two years for George Soros and then at Balyasny Asset Management, before starting Comac in 2006[3][4]. In 2011, when the book Hedge Fund Market Wizards by Jack Schwager was written, O’Shea was ranked Number 21 on Forbes list of top hedge fund managers with over $5 billion under management, with a record from 2003 to 2011 of over 11% per year. At that time he had never had a down year, and the British press reported that he was paid $41.8 million in 2011.[1] O’Shea generated profits for Comac in 2008 by betting on a fall in American interest rates after the collapse of Lehman Brothers.[5][6]
References[edit]
- ↑ 1.0 1.1 "Wizards | Investment manager Richard Losch's blog". loschmanagement.com. Retrieved 2014-07-25.
- ↑ "Colm O'Shea - In Photos: The 40 Highest-Earning Hedge Fund Managers - Forbes". forbes.com. Retrieved 2014-07-25.
- ↑
Katrina Dean Elliott (2009-12-20). "Colm O'Shea's Comac Continues Its Winning Streak". Institutional Investor. New York City. Retrieved 2013-08-11.
O'Shea began trading Comac with a $300 million separate account from previous employer Balyasny Asset Management
- ↑
Juliet Chung (2014-09-06). "Comac Capital Trims Staff Amid Losses, Redemptions". Wall Street Journal. New York City. Retrieved 2013-08-11.
Mr. O'Shea, 43 years old, founded Comac in 2005. It was backed by Balyasny Asset Management, where Mr. O'Shea had previously been a portfolio manager.
- ↑ "£100,000 a day for hedgie | The Sunday Times". thesundaytimes.co.uk. Retrieved 2014-07-25.
- ↑
Nick Webb (2011-11-20). "Kerryman's hedge fund beats the market chaos". Irish Independent. Dublin, Ireland. Retrieved 2013-08-11.
Mr O'Shea is understood to have made a fortune for investors when correctly calling the massive slowdown of the US economy in 2007 and 2008. The hedge fund made a massive bet by shorting long-term US treasury bonds.
- [2] – Summary of Hedge Fund Market Wizards Profile.
- [3] – COMAC Capital Web Site.
- [4] – Forbes Profile.
- [5] – £100,000 a day for hedgie – Sunday Times Profile
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