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: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

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

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...