Ex-Global Alpha Chief To Move New Firm To The Times

Jul 15 2010 | 10:35am ET

Kepos Capital, the new hedge fund helmed by former Goldman Sachs Global Alpha co-chief Mark Carhart, has a new home: the ugliest building in New York.

Kepos will set up shop in The New York Times building at Eighth Avenue and West 40th Street. The building was recently named the Big Apple’s least aesthetically appealing by the recently-published fifth edition of the august AIA Guide to New York City, which calls it “as gray and dour as a rain-soaked copy of the Sunday Styles section.”

The hedge fund, which debuted earlier this year, will move into the furnished 44th floor in August. It is currently based out of another trophy property, 666 Fifth Avenue.

Carhart set up Kepos earlier this year. He and his partner, Raymond Iwanowski, left Goldman last year after their one-time Cadillac of hedge funds crashed and burned. Global Alpha’s run of unprecedented success came to a sudden halt in 2007, with the once-$12 billion fund losing 40% that year and continued to hemorrhage assets and post poor performance both in 2008 and last year.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR