Blue Ridge Veteran Gerson Set To Launch Hedge Fund

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.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of