Friday, 27 November 2015
Last updated 1 day ago
Nov 16 2012 | 1:15pm ET
The former co-manager of Fairholme Capital Management has launched a hedge fund of his own.
Charles Fernandez's Barnstar Opportunities began trading Wednesday, the new Florida-based hedge fund said in a press release. Barnstar did not say how large the new fund is, but did say it took a multi-disciplinary, special-situations long-bias approach to investing, seeking out value opportunities.
Fernandez serves as chief investment officer of the fund. He told HedgeFund.net that, "in the environment that we exist in today, there are more opportunities than we have money to invest. We are not in a position of scarcity of opportunities."
Fernandez resigned from Fairholme, headed by his friend and neighbor Bruce Berkowitz, a year ago.
"Bruce is a great deep-value investor, and my time there was wonderful and I learned a lot," he told HFN.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…