Xerion Reopens Event Driven Fund

Mar 7 2007 | 12:01pm ET

New York-based Xerion Capital Partners is reopening its event-driven fund, Xerion Partners II, to new investors on April 1. The fund, which closed in 2004, has managed some $500 million since then, according to founder Daniel Arbess.

Arbess declined to specify how much the fund, which focuses on stressed, distressed and special situations in both the debt and equity markets, is looking to take in before closing again.

Paloma Partners seeded the fund in 2003 and it has generated four-year annualized net returns of 18.12% since then, according to the firm.

In other firm news, Xerion has hired John Crawley, former marketer for Abacus Asset Management and Pirate Capital, to head its marketing effort.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    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…