Wednesday, 1 October 2014
Last updated 11 hours ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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