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

Steinbrugge: Will Hedge Funds Help or Hurt During the Next Market Correction?

Sep 7 2016 | 11:55pm ET

Most investors have become accustomed to quick rebounds when markets correct, but...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...