Telemus Chief Spins Off Hedge Funds

Jan 7 2013 | 9:56am ET

Telemus Capital Partners has spun off two hedge funds—and its CEO.

The Southfield, Mich.-based firm has transferred the hedge funds to Robinson Capital Management, a new firm headed by its now-former CEO, Jim Robinson. Robinson Capital will share office space with Telemus, and Robinson himself will remain Telemus' chief investment officer on an outsourced basis, Crain's Detroit Business reports.

Robinson said the restructuring was designed to allow him to focus entirely on money management and to make the funds, launched three years ago, available to institutional investors and Telemus' wealth-management competitors. He said he hoped to roughly double the Telemus Income & Principal Preservation and Telemus Growth & Income funds to about $100 million each within 18 months.

"The guys at Wells Fargo, for example, aren't going to use a fund owned by competitors," Robinson told Crain's. "They might under the new arrangement."

That arrangement includes no stake in Robinson Capital for Telemus. The new firm began operating last week and has five employees. Telemus clients will get a management-fee discount if they invest with the new firm.

Prior to joining Telemus five years ago to run its Beacon Investment Co. acquisition, Robinson was CEO of Munder Capital Management.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.