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.


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