Caliburn Capital - January 2007

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

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