Friday, 27 March 2015
Last updated 1 hour ago
Feb 22 2013 | 1:52pm ET
A veteran of SAC Capital Advisors, Diamondback Capital Management and Galleon Group is set to launch a new hedge fund with his longtime partner.
Adam Wolfberg and Steven Landry's EastBay Asset Management will debut in April, Absolute Return magazine reports. The fund will focus on technology, media, telecommunications and leisure stocks.
Wolfberg and Landry hope to raise at least $100 million for the New York-based EastBay at inception.
EastBay is Wolfburg's second go at a hedge fund of his own. He launched Delta Asset Management in his Manhattan apartment in 1996, just after getting his MBA at the University of Chicago. He was a portfolio manager at SAC from 2001 to 2002, and then went to Galleon, where he worked from 2002 through 2004. He then did three years at XI Asset Management, where he first worked with Landry, before moving to Diamondback in 2007.
Landry was a stock analyst at Citigroup Asset Management before joining XI in 2004, moving with Wolfberg to Diamondback three years later. According to his LinkedIn profile, he is now a principal at Bayview Advisors and a managing partner at Backspin Ventures.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…