Thursday, 18 September 2014
Last updated 1 hour ago
Jan 19 2011 | 10:37am ET
Two hedge fund veterans have teamed up to launch a new concentrated equity long/short fund.
Avi Fruchter and Avraham Mevorah, the founders of Anavon Capital, unveiled the firm’s maiden offering earlier this month, HFMWeek reports.
Fruchter formerly worked at Atticus Capital and Attara Capital, while Mevorah’s résumé boasts stints at Fortelus Capital, Silver Point Capital and Lazard.
Anavon’s Master Fund employs both fundamental analysis and a thematic top-down vision, according to HFM. It seeks stocks with asymmetric risk-reward profiles, and aims to hold between 30 and 40 longer-term positions at a time.
In addition to its founders, the U.K.-based firm has also hired a chief operating officer: Simon Shaner joined Anavon from Davidson Kempner Capital Management.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.