Wednesday, 25 November 2015
Last updated 3 min ago
Mar 20 2008 | 12:59pm ET
A former Lehman Brothers executive is prepping a $1 billion asset-backed securities hedge fund.
David Sherr, who recently left his post as head of Lehman’s securitization group, plans to open One William Street Capital Management by June.
The firm, which is named after Lehman’s former lower Manhattan headquarters, is backed by the investment bank, Bloomberg News reports.
Sherr spent 21 years at Lehman before leaving to found One William.
The fund is venturing into dangerous territory, proposing to trade the very asset- and mortgage-backed instruments that have destroyed several prominent hedge funds—including Sailfish Capital Partners and Peloton Partners—and brought down Bear Stearns.
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…