Perry's Quinn Launches Event-Driven Hedge Fund

May 26 2011 | 11:32am ET

Perry Capital veteran Patrick Quinn has founded a new event-driven specialist and launched his first hedge fund.

New York-based Quinn Opportunity Partners unveiled its maiden hedge fund last month, HFMWeek reports. The intrinsic value strategy, which will focus on overlooked and contrarian investments in the event-driven space, debuted with $35 million in initial assets.

Quinn, formerly a senior event-driven and special situations analyst at Perry, will look particularly at companies that received government bailouts in the U.S. and Europe, as that backing is removed.

In addition to the main fund, Quinn is also running a separately managed account using his strategy.

The new fund features quarterly liquidity with no lock-up period. It's initial capacity is $250 million.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...