Tuesday, 28 July 2015
Last updated 6 hours 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…