Thursday, 18 December 2014
Last updated 6 hours ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.