Thursday, 21 August 2014
Last updated 10 hours ago
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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note