Saturday, 20 December 2014
Last updated 1 day 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.