Diamondback Credit Team To Launch Hedge Fund

May 21 2012 | 2:35pm ET

The last hedge fund standing from the 2010's insider-trading raids  has lost its fixed-income team.

Mark Fishman has founded Aesir Capital Management. The former SAC Capital Advisors bond trader is trumpeting the new firm's "full portfolio management team continuity from the Diamondback [Capital Management] fixed income group," despite Diamondback's troubles over the past year-and-a-half.

Connecticut-based Aesir will invest in liquid credit markets, including both investment-grade and high-yield debt, as well as in emerging markets. Fishman, the new firm's CEO and chief investment officer, hopes to raise as much as $500 million for the new fund, Dow Jones Newswires reports.

The new Aesir Credit Master Fund will debut next month.

The last several years have been something of a roller-coaster for Fishman. His Sailfish Capital Partners, founded after he left SAC, collapsed in February 2008 during the early days of the debt crisis. Two-and-a-half years later, he saw Diamondback's offices raided and the firm's assets plummet by half. Unlike the other three hedge funds raided in November 2010, however, Diamondback has survived, settling with the Securities and Exchange Commission.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of