Tuesday, 23 September 2014
Last updated 4 hours ago
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.
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 McKitich, CIO of Petty 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…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.