Friday, 24 October 2014
Last updated 3 hours ago
Jul 2 2008 | 10:15am ET
Topspin Partners has closed its second buyout fund with $132 million.
The Long Island private equity firm’s Topspin Partners LBO had a $100 million initial target and a hard cap of $150 million. It had already raised some $115 million at a previous closing in May 2007.
The lead investor in the lower middle-market buyout fund is fellow Long Islander James Simons, the billionaire head of East Setauket, N.Y.-based quantitative hedge fund Renaissance Technologies. Other investors include high net-worth individuals and family offices.
Topspin focuses on taking controlling stakes in companies with between $2 million and $7 million in earnings, especially in the consumer products, retail, food, media, niche manufacturing and security industries.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...