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: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note