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

Change In 'Accredited Investor' Definition Could Hurt Crowdfunding Space

Jul 25 2014 | 8:14am ET

The Securities and Exchange Commission is considering changes to its 30-year-old...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note