Ex-Highlanders Plumer, Jakob Ready Commerce Street Fund

Mar 6 2012 | 7:04am ET

A pair of Highland Capital Management veterans is set to launch its maiden hedge fund at its new firm.

Kurt Plumer and Richard Jakob will launch the vehicle in the second quarter, HFMWeek reports. The new vehicle, Commerce Street Investment Partners III, will invest in collateralized debt obligations pooling community bank preferred shares, with Plumer as portfolio manager and Jakob selling it to investors.

The two men joined Dallas-based private equity shop Commerce Street Investment Advisor last year, but nine years ago they worked together at Highland. Jakob reunited with Plumer, who joined CSIA from Highland early last year, in November from Cedarview Capital Management, where he was chief marketing officer.

CSIP III will have a roughly $300 million capacity.


In Depth

FINalternatives Survey: We Asked Investment Pros...

Apr 2 2016 | 9:42pm ET

The data from our annual reader survey continues to roll in and provide interesting...

Lifestyle

Point72's Cohen Donates $275M To Veterans Mental Health Network

Apr 6 2016 | 8:31pm ET

Billionaire hedge fund manager Steve Cohen has formed a non-profit aimed at treating...

Guest Contributor

Agecroft: Why NYCERS Should Reconsider Exiting All Hedge Funds

Apr 18 2016 | 5:51pm ET

The recent decision by the New York City Employment Retirement System to exit its...