FrontPoint Star Eisman Launches Fund With $22.9 Million

Mar 22 2012 | 2:43am ET

FrontPoint Partners' former star trader, who managed more than $1 billion just two years ago, is starting small with his new firm.

Steven Eisman's Emrys Partners launched its maiden fund on March 1 with just $22.9 million. The money was raised from friends and family members of Eisman, Bloomberg News reports.

Emrys won't remain a cozy affair for long: The New York-based firm plans to move its fundraising focus towards the institutional investors Eisman worked for at FrontPoint, and who are presumably clamoring to hand him their money once more.

Emrys employs a long/short equity strategy; Eisman made his name at FrontPoint betting against subprime mortgages.

Eisman left FrontPoint in June as the firm collapsed in the wake of an insider-trading scandal that sent its top healthcare hedge fund manager to prison.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note