Posner, Ex-D.E. Shaw, To Launch Hedge Fund With Golub

Jan 19 2011 | 5:06am ET

Former D.E. Shaw Group distressed investing chief Daniel Posner is still launching his own hedge fund, but he isn’t doing it alone. Posner has joined credit investing firm Golub Capital and will launch a hedge fund joint venture alongside it.

The Posner/Golub fund will debut in the second half, the Financial Times reports, employing a long/short strategy. It will be Golub’s first-ever hedge fund.

Posner will serve as president and chief investment officer of the still-unnamed joint-venture, which will be separate from Golub. The firm plans to use its lending expertise to give it a leg up in the distressed markets.

Posner left D.E. Shaw in November, after the firm laid off some 10% of its staff in the wake of investor redemptions. A spokeman for D.E. Shaw said his departure was unrelated to the layoffs. During his nine years at the firm, he led the firm’s Portfolio Acquisitions Unit after a stint as global head of distressed and credit markets. Prior to joining D.E. Shaw, Posner worked at hedge fund Intermarket Corp. and in the distressed debt and special situations group at UBS Warburg Dillon Read.


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.