Friday, 22 May 2015
Last updated 27 min 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…