Saturday, 29 August 2015
Last updated 20 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…