Longacre To Quit London

Dec 7 2010 | 12:01pm ET

Hedge fund Longacre Fund Management is shuttering its London office at the end of the year.

The New York-based firm plans to "concentrate personnel and resources" at its headquarters in the Big Apple and will close its London research office by the end of the month, Jeremy Garber, chief investment officer, told Bloomberg News. Garber would not say how many people the firm employs in London.

Longacre specializes in distressed and levered credit strategies. It was founded a dozen years ago by a trio of Bear Stearns debt traders.

Portfolio manager Roderick Stephan had led the London office.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note