Finance

Jonathan Soros’ family office is spinning out a quant fund from portfolio manager John Holloway, and it hopes to launch with more than $1.5 billion.

Summary List PlacementJonathan Soros is setting up one of his top quants. John Holloway is spinning out of the Jonathan Soros' family office, JS Capital, where he has been a portfolio manager for roughly three years. Prior to that, Holloway spent nearly a decade working as a risk manager and then a portfolio manager for Jonathan Soros' father, billionaire George Soros.  The new quant fund, sources tell Insider, will be named Boulder Hill Capital. A source close to the family office said it is still in the early days of contacting prospective backers alongside JS Capital. The goal is for the...

Jonathan Soros

Summary List Placement

Jonathan Soros is setting up one of his top quants.

John Holloway is spinning out of the Jonathan Soros’ family office, JS Capital, where he has been a portfolio manager for roughly three years. Prior to that, Holloway spent nearly a decade working as a risk manager and then a portfolio manager for Jonathan Soros’ father, billionaire George Soros. 

The new quant fund, sources tell Insider, will be named Boulder Hill Capital. A source close to the family office said it is still in the early days of contacting prospective backers alongside JS Capital. The goal is for the fund to launch with more than $1.5 billion, and the family office is working to connect outside investors with Holloway. 

This could be one of the biggest fund debuts this year if Holloway is able to raise his target assets under management. So far, 2021 is set to have launches from StatePoint executive Zach Kurz, with his $500 billion Pinnbrook Capital, and former Elliott top gun Franck Tuil, who will start trading in his $600 million Sparta Capital in the third quarter, among others

JS Capital invests in more than just asset managers. The family office has been actively investing across the venture space, from Japanese payment start-up Paidy to cybersecurity company PerimeterX. 

The firm has backed other managers, including giving Courtney Carson’s Hein Park Capital $300 million in 2019. At the end of last year, JS Capital bought a minority stake in New York-based investment firm Closed Loop Partners, an ESG-focused venture and private equity firm. 

Before working for George Soros, Holloway, according to his LinkedIn, worked for another famous hedge fund name, John Meriweather. Meriweather is most famous for starting Long-Term Capital Management, where Holloway worked from 1994 until its implosion in 1999. He then joined Meriweather’s next fund, JWM Partners, as head of risk control and worked there until 2008. 

JS Capital declined to comment while Holloway did not return requests for comment.

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