Reborn Raptor Adds HSBC's Pannes

Mar 3 2011 | 8:53am ET

For the resurrection of his Raptor Capital Management, former Tudor Investment Corp. star manager James Pallotta has scored a fellow sports fan to handle direct investments for the firm.

Mark Pannes will cover sports, media, entertainment, consumer goods and hospitality for the Raptor Evolution Fund, launched last year by Pallotta, Financial News reports. Evolution, which focuses on mid- and small-cap stocks, followed the failure of Pallotta's Raptor Global fund, which he launched to much fanfare (and with $800 million) in 2008. But, a year later, battered by losses, Pallotta pulled the plug.

Raptor Evolution, however, has already garnered $200 million in assets and hopes to lure back Raptor Global investors by waiving fees until the new fund has recouped its predecessor's losses.

Pannes joins Boston-based Raptor from HSBC Private Bank, where he set up and led a unit designed to serve wealthy sportsmen and women. Among Pannes' initiatives was a deal with IMG, the world's largest sports agency.

Before joining HSBC, Pannes was a managing director at French basketball team Paris Basket Racing.

Pallotta is no stranger to the world of sport, himself, owning a piece of his hometown basketball team, the Boston Celtics.


In Depth

Q&A: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.