Saturday, 20 December 2014
Last updated 1 day 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.
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.