Citadel, Deephaven Vet Greenberg Returns After Five-Year Break

Jul 5 2013 | 10:11am ET

Andrew Greenberg, the former Citadel Investment Group and Deephaven Capital Management portfolio manager, is back in the hedge fund game.

Greenberg's AMG Capital launched its maiden hedge fund, Saker Partners, on Monday, Hedge Fund Alert reports. The fund debuted with $7.8 million from Greenberg himself and a handful of outside investors.

Saker is in effect the hedge fund version of the strategy Greenberg has deployed managing his own capital since his exit in 2008 from Deephaven. The equity-restructuring, special-situations fund opportunistic risk-arbitrage fund holds between 20 and 30 names at a time.

Greenberg, who is based in Chicago, plans to build a track record before beginning a fundraising effort.

Greenberg has been on the shelf since he left Deephaven after it liquidated his event-driven funds at the height of the financial crisis. He spent just over a year at the now-defunct firm, after a stint as co-head of Citadel's global value group.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

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

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.