Thursday, 21 August 2014
Last updated 1 hour ago
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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note