Sunday, 21 December 2014
Last updated 1 day 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.