Thursday, 24 July 2014
Last updated 42 min ago
Jan 22 2014 | 1:52pm ET
New York-based Tiger seed Hound Partners, founded by Jonathan Auerbach, launched a pair of hedge funds on January 1—a concentrated fund and a long fund.
Auerbach has raised $130 million for the on and offshore versions of the the Hound Partners Concentrated Fund and about $95 million for the on and offshore versions of the Hound Partners Long Fund, according to regulatory filings.
The long-only fund had been expected as Auerbach was known to be mulling one last year.
Auerbach was working at Julian Robertson Jr's Tiger Management in 2004 when he co-founded Hound Partners, a long/short equity fund, with Scott McLellan. The two received startup investment capital from Robertson. McLellan left Hound Partners in 2007 to launch Marble Arch Partners with Timothy Jenkins, another Tiger vet.
A call to Hound Partners for comment was not returned as of press time.
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…