Sunday, 29 March 2015
Last updated 1 day ago
Nov 11 2010 | 9:27am ET
Eric Mandelblatt, former partner of TPG-Axon Capital Management, has raised $130 for a pair of funds managed by his new hedge fund firm, New York-based Soroban Capital Partners.
According to regulatory filings, the company has raised $90 million for its U.S.-based Soroban Fund and $40.5 million for an offshore vehicle, the Soroban Cayman Fund. Both funds have a minimum investment of $5 million.
Soroban Capital Partners—named for a Japanese abacus—began operations this fall.
In addition to Mandelblatt, the funds’ executive officers include former TPG-Axon partner Guarav Kapadia, former TPG-Axon head trader Scott Friedman and former Kailix Advisors CFO Vito Tanzi.
Rumors about Mandelblatt’s newest venture have been rife since he left TPG-Axon earlier this year. Prior to joining TPG-Axon, Mandelblatt worked at Goldman Sachs Group, first as an energy analyst, then as a member of the principal strategies group. Mandelblatt became COO of the unit’s U.S. business in 2004.
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…