Monday, 27 April 2015
Last updated 54 min 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.
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…