Thursday, 18 September 2014
Last updated 39 min 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.