Ex-Highland Pair's Commerce Street Hedge Fund Coming In June

May 23 2012 | 11:48am ET

Commerce Street Investment Adviser will launch a new hedge fund helmed by two Highland Capital Management veterans next month.

Commerce Street Investment Partners III is expected to debut with both internal capital and some early investors. The Dallas-based firm hopes to raise between $250 million and $300 million for the fund, and has hired another Highland vet, Amy Jenkins, to help handle its marketing effort, HFMWeek reports.

The new fund is targeting institutional investors and is amenable to accepting acceleration capital.

CSIP III will invest in collateralized debt obligations pooling community bank preferred shares. It will be managed by Kurt Plumer, who joined Commerce Street last year. He is working with Richard Jakob, who worked with Plumer at Highland nine years ago and who joined Commerce Street last year after a stint as chief marketing officer at Cedarview Capital Management.

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel Supports Manhattan Real Estate With Record Deal

Sep 16 2015 | 3:04pm ET

Never count hedge funds out of a big property deal. The Manhattan real estate market...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note

Upcoming Events