Sowood Founder Plans New Hedge Fund

Apr 11 2008 | 11:43am ET

Jeffrey Larson, founder of the late Sowood Capital Management, is getting back in the game. But he won’t get fooled again, at least not by the same investments that sank his earlier effort.

Larson is in talks with investors to launch a new fund—smaller than Sowood, which once managed $3 billion—that will use its predecessor’s market-neutral strategy. But the new fund will be smaller and will scrupulously avoid corporate debt. Leveraged bets on corporate fixed-income instruments blew up in Larson’s face when the subprime collapse and credit crisis struck.

Larson has reportedly received interest from investors totaling between $250 million and $500 million.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...