Friday, 19 September 2014
Last updated 13 hours ago
Dec 14 2007 | 4:56pm ET
Another one bites the dust. Searock Capital Management, a $750 million hedge fund shop, is calling it quits, according to a source familiar with the situation.
The New York-based firm, which is run by hedge fund veterans Seth Turkeltaub and Rick Lodewick, has reportedly told investors that it is liquidating its assets and closing up shop.
A call to the firm was not returned by press time.
Turkeltaub and Lodewick formed Searock about one-and-a-half years ago after leaving BKF Asset Management where they ran a successful $615 million hedge fund group. At BKF, the pair was responsible for generating 20% of the firm’s revenue in 2005, but they left in April 2006 after being unable to reach an agreement about a pay package.
Before joining BKF Asset Management, Turkeltaub was with SAC Capital Partners.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.