Ex-Magnetar Manager Levers Up

Oct 31 2011 | 9:10am ET

A former Magnetar Capital trader is seeking investors for a levered version of his two-year-old flagship hedge fund.

Andrew Goldman's Seven Locks Capital Management launched the Seven Locks Enhanced Fund this summer, HFMWeek reports. The vehicle is a two-times levered version of the firm's flagship, a concentrated long/short equity and credit value/catalyst strategy focused on North America and launched in 2009.

Protégé Partners, which provided seed capital to the earlier fund, reprised its role with the levered fund. New York-based Seven Locks hopes to raise a total of $1 billion for the two funds.

Goldman was a portfolio manager at Magnetar from 2005 through 2008, and a senior analyst at Rockbay Capital from 2002 through 2005.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note