Friday, 29 August 2014
Last updated 5 hours ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...