Tuesday, 30 September 2014
Last updated 5 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...