Friday, 28 August 2015
Last updated 17 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…