Friday, 29 May 2015
Last updated 18 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…