Nov 7 2013 | 10:18am ET
Water Island Capital was founded by John Orrico in 2000 as a single-mandate, merger-arbitrage mutual fund but the firm's ambitions, according to portfolio manager Todd Munn, were always loftier. Thirteen years later, Water Island has successfully gathered assets worth $3.5 billion and hired the expertise of 40+ people, including portfolio managers Gregg Loprete, previously of Ramius Capital; Ted Chen of Jefferies; Roger Foltynowicz of Jacobs Engineering (and the Cincinnati Reds, where he played professional ball); and James Powers, formerly of Torchlight Investors.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…