Palisade Buys Firm, Launches Fund For Its Founder

Jan 10 2013 | 1:25am ET

Palisade Capital Management has acquired another hedge fund and put its founder at the helm of a new offering.

Fort Lee, N.J.-based Palisade said it had acquired substantially all of the assets of Hermes Advisors. Foremost among those assets is founder Paul Flather, who was named manager of the new Palisade Long/Short Alpha Fund.

"We have been looking for ways to broaden our alternatives platform beyond our convertible arbitrage hedge fund and private equity funds while leveraging our stock-picking experience," Jeffrey Serkes, Palisade president, said. "Paul Flather is a seasoned investment professional with more than 18 years of experience managing a long/short equity strategy. His investment methodology compliments the fundamental stock picking process at Palisade.

Palisade has $3.6 billion in assets under management.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...