Wednesday, 6 May 2015
Last updated 47 min ago
May 25 2011 | 11:15am ET
A pair of hedge fund veterans have founded an event-driven firm of their own. And Dan Carroll, formerly of Litmus Capital Management, and Amit Batra, formerly of Steel Canyon Capital, last month launched their maiden hedge fund at Ratel Capital Management.
"It's a good time for our investment strategy," Batra told HFMWeek. "We develop different filters for value, industry themes, management quality and events, and we overlay these to build differentiated portfolios that we believe can perform well in all market environments."
The firm's eponymous first fund is currently available in the U.S. It charges 1.5% for management and 20% for performance and features quarterly liquidity. Jefferies serves as prime broker.
Prior to founding Ratel, Carroll founded and managed Litmus. His résumé also boasts stints at Third Point and Royal Capital.
Batra was a senior analyst at Steel Canyon before joining forces with Carroll. He formerly worked at XL Capital Investment Partners.
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…