Tuesday, 30 September 2014
Last updated 56 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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