Global Alpha’s Iwanowski Considers Hedge Fund Comeback

Sep 21 2010 | 9:21am ET

September has become something of the month of the comeback. The latest hedge fund veteran to plot his return as summer wanes is Ray Iwanowski, the former co-head of Goldman Sachs’ Global Alpha fund.

Iwanowski has been speaking with prime brokers in New York, AR magazine reports. In the talks, Iwanowski, who left Goldman early last year after his one-time “Cadillac of hedge funds” proved a Pinto, has sought to determine what strategies investors are interested in.

Iwanowski was co-head of research at Goldman’s quantitative investment group. He and Global Alpha’s co-manager, Mark Carhart, who was also co-chief investment officer of the firm’s quantitative equity strategies group, retired in March of last year. Global Alpha, which once managed $12 billion, had fallen to just $2.5 billion after losing 40% in 2007.

Carhart has already gotten back into the hedge fund business, founding alternative beta shop Kepos Capital last year. That firm hopes to raise as much as $1 billion.

News of Iwanowski’s preliminary planning comes as Ron Beller, the co-founder of the collapsed Peloton Partners, and former Tudor Investment Corp. star manager James Pallotta ready comebacks of their own.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Why Is The Shipping Industry Underwater?

Jul 31 2014 | 7:31am ET

Anyone who’s taken a look at the global shipping industry recently probably knows...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note