Monday, 22 September 2014
Last updated 5 min ago
Jan 31 2008 | 12:34pm ET
Deephaven Capital Management will liquidate a pair of poor-performing hedge funds, its parent, Knight Capital, said in a regulatory filing.
In addition, Andrew Greenberg, the senior portfolio manager who oversaw the $780 million event-driven funds, is leaving the firm.
The funds have suffered “significant” redemptions, and lost 1.27% last year, according to Financial News. Deephaven chief Colin Smith will oversee the funds’ liquidation and the return of assets to investors. Tony Chedraouiis, who runs the firm’s unrelated European event-driven portfolios, takes over for Greenberg in running Deephaven’s global event-driven team.
Greenberg was on Deephaven’s payroll for just over a year. He joined from Citadel Investment Group, where he was co-head of the global value group, to succeed Matthew Halbower, who left the firm to found his own hedge fund, Pentwater Capital.
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.