Wednesday, 1 October 2014
Last updated 10 hours ago
Jan 17 2012 | 1:33pm ET
A former top Citadel Investment Group portfolio manager is readying a new industrials and energy hedge fund.
Robert Polak has founded Anchor Bolt Capital in Chicago. The new firm will invest in capital equipment, basic materials, energy and transportation stocks, Bloomberg News reports. Anchor Bolt's long book will be concentrated, with between 15 to 20 names. The rest of the 50 to 80 positions will be in the short book.
Polak will seed the fund with an undisclosed amount of his own capital. It is expected to launch this quarter.
Polak led Citadel's global industrials team from 2005 to 2010, managing about $3 billion. Prior to joining Citadel, he worked at Copper Arch Capital, NWQ Investment Management and Salomon Brothers. Anchor Bolt CFO Sean Stephens formerly worked at Aragon Global Management.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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