Tuesday, 31 March 2015
Last updated 8 min ago
Apr 7 2011 | 12:27pm ET
Former Deephaven Capital portfolio manager Edouard Salet is readying a hedge-fund launch, according to Financial News.
Deephaven was sold to Stark Investments in January 2009.
Regulatory filings show Salet has incorporated Apson Capital and a person familiar with the plans told FN that Salet will launch a global long/short equity fund this summer, with seed funding from an unnamed U.S. investor. The source says the fund will have a top-down macro-driven investment process with a strong focus on derivatives.
Daniel Goldstein, former head of equity flow sales at BNP Paribas in London, will serve as CEO for the new firm, while Boris Pilichowski, a former prop. trader at Goldman Sachs, Morgan Stanley and Deutsche Bank, will work with Salet as portfolio manager.
Prior to his stint with Deephaven, Salet worked with Gartmore in convertible bond arbitrage.
Salet follows several other Deephaven portfolio managers who have launched their own hedge funds, including Tony Chedraoui whose Tyrus Capital was the largest European launch in 2009. It raised $1.6 billion before closing to new money.
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…