Tuesday, 30 September 2014
Last updated 22 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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