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

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

Business Insider has been reporting on the unusual trading activity of a mystery trader who placed a profitable short equity bet to the tune of $21 million on the Aug. 10 move in the CBOE Volatility Index (VIX).