Saturday, 23 May 2015
Last updated 11 hours ago
Jul 21 2011 | 2:02pm ET
A Tiger cub's own cub is poised to raise $1 billion or more for his own hedge fund.
Richard Gerson, who left Blue Ridge Capital several months ago, plans to found his own firm and to launch his maiden hedge fund, a global equity strategy, early next year, Hedge Fund Alert reports. The new venture reportedly is backed by Blue Ridge founder John Griffin, a former Tiger Management money manager, with several Blue Ridge investors prepared to pony up for Gerson's next fund.
Gerson has been with Blue Ridge since its founding in 1996. He helped found the $6.8 billion firm's China-focused private equity unit.
Gerson has already hired a chief operating officer for his still-unnamed firm: Martin Byman, formerly Morgan Stanley's co-head of European prime brokerage.
The new hedge fund will be based in New York.
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…