Laurus-Valens Adds New Partner

Feb 25 2008 | 12:15pm ET

New York-based Laurus-Valens, a hedge fund that specializes in financing publicly-traded small- and micro-cap companies, has hired Kendall Raine as a partner and senior managing director. Raine will be responsible for a variety of strategic and capital-markets initiatives. 

Prior to joining Laurus-Valens, Raine served as managing director in the investment banking department of A. G. Edwards, leading its specialty finance practice. Raine joined Edwards from Bear Stearns, where he served as associate director responsible for investment banking relationships with Midwest depository institutions. 

“I am truly pleased that Kendall will be a part of our team,” said Dennis Pollack, senior managing director. “Kendall's background will offer Laurus-Valens new insight and opportunities during this volatile time in the market.”

Laurus-Valens currently manages some $1.7 billion in total assets. 

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