Saturday, 25 April 2015
Last updated 14 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…