Monday, 30 November 2015
Last updated 2 days 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…