Wednesday, 27 August 2014
Last updated 5 hours ago
Sep 22 2011 | 2:02am ET
A former Highbridge Capital Management portfolio manager has joined a hedge fund founded by other veterans of the hedge fund giant.
Jason Esralew will launch an event-driven fund at New York-based Ionic Capital Management. Ionic, which has $2 billion in assets under management, was founded by former Highbridge managers Bart Baum and Dan Stone, and former Highbridge executive Adam Radosti, in 2006.
Esralew, who brings his four-member team from Highbridge to Ionic, will begin marketing the fund this month. The new vehicle is slated to launch early next year, Hedge Fund Alert reports.
At Highbridge, Esralew managed in excess of $1 billion, losing 2% last year and 7% in 2008 but soaring 32% in 2009. He and his team were laid off in January due to the overlap between his strategy and those of Highbridge's other teams.
Esralew's team at Ionic includes Christopher Chan, David Key and Tim Kelly.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…