Weintraub Capital Vet Readies Healthcare Hedge Fund

Jul 16 2013 | 4:53am ET

A former portfolio manager at Weintraub Capital Management has set up his own shop and plans to launch a healthcare focused hedge fund on Oct. 1.

John RendeJohn RendeJohn Rende, who managed Weintraub’s portfolio for 13 years, founded Copernicus Capital Management earlier this year. According to Hedgetracker, the new firm—which is based in San Francisco—hopes to launch with $50 million.

Rende spent 16 years at Weintraub Capital. Before that, he served as vice president in Wells Fargo’s asset management group.

Last year Weintraub Capital—which at one time managed over $2 billion—wound down its operations and returned outside money to investors in order to become a family office to manage founder Jerry Weintraub's millions. During its 20 years in existence, Weintraub Capital posted only two losing years.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR