Thursday, 26 November 2015
Last updated 1 day ago
May 26 2010 | 10:48am ET
Magnetar Capital will launch an event-driven hedge fund this year, seeking to tap into demand for one of the most sought-after strategies this year.
The $7 billion Evanston, Ill.-based firm will launch the new fund in the next few months, the Financial Times reports. Firm founder Alex Litowitz will manage the vehicle, which will focus on mergers and acquisitions and other corporate events.
Magnetar made its name making billions betting against the subprime mortgage market. Its new launch comes in the wake of tough criticism of the hedge fund’s activity in the collateralized debt obligations market: With the exception of its fellow subprime billionaires at Paulson & Co., Magnetar has been the most vilified hedge fund in the space, the subject of a pair of lengthy articles profiling its subprime strategy.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…