Thursday, 23 October 2014
Last updated 3 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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