Thursday, 31 July 2014
Last updated 1 hour ago
Oct 1 2007 | 12:59pm ET
Deephaven Capital Management veteran Matthew Halbower has launched his Pentwater Capital Management with $700 million in assets, nine months after leaving Deephaven.
Halbower, who ran Minnetonka, Minn.-based Deephaven’s event-driven and distressed-asset strategies until December, opened Pentwater today. The fund will focus on Halbower's speciality, event-driven, as well as merger arbitrage.
Reuters reports that Pentwater expects to more than double its assets to $1.5 billion by the end of the year. Such prime brokering heavy-hitters as Citigroup, Goldman Sachs and UBS are to service the Chicago-based fund.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…