Friday, 24 February 2017
Last updated 5 hours ago
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.