Sunday, 26 October 2014
Last updated 1 day ago
Nov 2 2011 | 10:59am ET
A New Jersey merchant bank is getting into the hedge fund business.
Point Capital Partners will launch its first hedge fund on Jan. 1, HFMWeek reports. The new fund will be managed by Stadia Capital co-founders John Fleming and Richard Swift, seeded with proprietary capital and money from family and friends.
Fleming and Swift ran Stadia from 2001 until 2008, a year after it was acquired by FrontPoint Partners.
The Point Capital Aligned Wealth Fund Advisors vehicle will employ a long/short equity strategy. The global fund will focus on mid- and large-cap financial and consumer companies, with an average of 50 names in its portfolio—half longs and half shorts.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.