Nanes Balkany’s Balkany Leaves

Dec 22 2010 | 11:02pm ET

The namesakes behind oil and gas hedge fund Nanes Balkany Partners are splitting up.

Julien Balkany has left the New York-based activist firm, it said yesterday. Co-founder Daryl Nanes has taken sole control of the reins at Nanes Balkany, which has enjoyed a string of unbroken successes since its establishment three years ago. The firm rose about 23% in 2008, its first year, and returned 48% last year. It is up about 43% this year.

“I am very proud of our accomplishments over the last three years and the experience has been one of the most rewarding of my career,” Balkany said. “As a French national, I have always kept some focus on Europe for the next stage of my career and I feel that the success of Nanes Balkany Partners allows me to now move on to take on new opportunities and challenges.”


In Depth

Virtu Celebrates Another Year Without a Single Day of Losses

Feb 26 2015 | 9:05am ET

High-frequency trading firm Virtu Financial Inc. reported another year without a...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk: How To Get In Front Of The Problem

Feb 26 2015 | 9:53am ET

In considering the topic of risk in the hedge fund world, specifically, the oversight...

 

Editor's Note