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

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...