Sunday, 29 March 2015
Last updated 1 day 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…