Friday, 19 September 2014
Last updated 3 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.