Tuesday, 1 December 2015
Last updated 17 hours ago
Jul 21 2014 | 1:37pm ET
Highfields Capital Management’s chief risk officer is the co-founder of former SAC Capital Advisors chief operating officer Solomon Kumin’s new hedge fund.
Todd Rapp will leave the Boston-based hedge fund to serve as co-founder and partner at Kumin’s unnamed firm, The Wall Street Journal reports. Kumin hopes to raise between $800 million and $1 billion for the fund, which is expected to debut later this summer.
Rapp’s departure from Highfields will come at the end of the month, Highfields told investors last week. He had worked at the firm since 2012.
Kumin is reportedly in talks with several possible partners about backing the new firm, most notably Leucadia National Corp., which may invest about $400 million.
Separately, Kumin has joined the board at Starwood Property Trust, the real-estate firm announced.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…