Monday, 28 July 2014
Last updated 31 min ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…