Friday, 19 December 2014
Last updated 1 hour ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.