Tuesday, 31 March 2015
Last updated 6 hours ago
Jun 6 2012 | 11:26am ET
Two CQS veterans are set to launch their maiden hedge fund next month.
JPark Capital, founded by former CQS trader John Park and former U.S. CEO Keith Danko, will debut with between $3 million and $5 million, HFMWeek reports. Its JPark Arbitrage Fund will be a market-neutral fund, using four proprietary models Park has built over the last 15 years to invest in merger and closed-end fund arbitrage and event-driven strategies.
JPark Arbitrage's initial assets will come from Park, Danko, friends and family. But the New Jersey-based firm is considering seed agreements to help it reach its initial capacity of $250 million.
JPark will charge 1.5% for management and 20% for performance, with a $500,000 minimum investment requirement and a one-year soft lockup, with a 3% early withdrawal penalty.
The firm's founders joined CQS four years ago as it sought to boost its presence in the U.S. Prior to joining CQS, JPark's namesake worked at Tribeca Management, Citigroup Alternative Investments and Sagamore Hill Capital Management. Danko is currently co-head of Witherspoon Capital Partners and is formerly CEO of ACAM Advisors.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…