Monday, 30 March 2015
Last updated 9 hours ago
Feb 2 2011 | 10:51am ET
Former Perella Weinberg Partners portfolio manager David Zusman has returned to the hedge fund world with a firm of his own.
Zusman has founded Talara Capital Management in New York. The new firm wasted no time in getting off the ground, having launched its two maiden hedge funds earlier this year.
Talara focuses on global commodities, infrastructure and industrials, HFMWeek reports. The firm's long/short Talara Fund and Talara International Fund launched with a combined $100 million.
Investors in Zusman's new venture will pay 1.5% for management and 20% for performance. There is no lockup, but there is a 25% investor level gate. Goldman Sachs serves as prime broker.
Zusman spent two years at Perella Weinberg, where he focused on investments in basic materials, consumer, energy, industrial and utilities stocks. Before joining the boutique investment bank, he was co-portfolio manager at hedge fund BrightStream Asset Management and a portfolio manager at North Sound Capital.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…