Raptor’s Pallotta Plots Return With Smaller Fund

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.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

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

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...