Tuesday, 1 December 2015
Last updated 20 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.
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…