Saturday, 28 March 2015
Last updated 23 hours ago
Jan 27 2010 | 3:39am ET
Healthcare investment firm HealthCor Group has hired a former Galleon Group hedge fund manager.
Jeff Bernstein has joined the $3 billion New York-based firm as a portfolio manager, Bloomberg News reports. HealthCor focuses on the healthcare and life sciences industries; among its investment vehicles is a $300 million private equity fund.
Bernstein spent four years at Galleon in two separate stints. He first joined the New York hedge fund, which closed last year after founder Raj Rajaratnam was charged with insider-trading, in 2000 from Goldman Sachs to manage its New Media fund. He left in 2002 to found his own hedge fund, Keel Capital Management, before returning to Galleon in 2008.
Bernstein was a co-manager of Galleon’s flagship Diversified Fund during his second go-around with the firm.
At least four top Galleon employees, including Bernstein, have joined separate firms this year. Citadel Investment Group hired Charles Benziger, while Soros Fund Management added Eric Wasserstrom and Rajeev Patel. The New York-based firm has been trying—so far without success—to find another firm for its staff to move to.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…