Tuesday, 21 October 2014
Last updated 17 min ago
Sep 20 2010 | 8:50am ET
Just over a year after pulling the plug on his hedge fund, former Tudor Investment Corp. star manager James Pallotta is starting over.
Pallotta’s Boston-based Raptor Capital Management is readying a new hedge fund, Raptor Evolution. According to The New York Times, Pallotta, who has been managing money for friends and family since April, plans to start small and is currently raising money. Former investors in Raptor Global will not pay fees until the new fund has recouped its predecessor’s losses. Some have reportedly already signed up.
The new Raptor fund will use a small team and invest in a small number of funds for the time being.
Pallotta managed more than $12 billion during his Tudor days. He spun the funds off from Tudor in 2008, a year in which they lost 20% of their assets. After just a few months—and middling performance—last year, Pallotta returned $800 million to investors.
But when he shuttered the fund, Pallotta made clear it wasn’t his last go-around, telling investors that he would start a new fund after taking some time off.
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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