Ex-Carlyle-Blue Wave Manager Preps European L/S Fund

Jul 30 2008 | 7:01am ET

A former Carlyle-Blue Wave Partners portfolio manager has reunited with a pair of colleagues from her days at Brahman Capital to form Permian Investment Partners, a New York-based long/short hedge fund shop.

The firm is gearing up to launch its maiden hedge fund, a long/short equity strategy focused primarily on Western Europe. It has secured a sizeable seed investment from family office Privet Capital, according to Opalesque.

Cara Goldenberg, who led Carlyle Blue-Wave’s European special situations team in 2007, founded Permian in February, hiring, former Brahman colleagues Alex Duran and Scott Hendrickson.

The fund, which will reportedly debut next month, will target special situations and deep-value opportunities with an emphasis on “proven and incentivized management teams; tangible investment materialization timeline; and securities with potential to double in value over a three-year time period,” according to Goldenberg’s online biography and resume.

She said the fund will take “high-conviction, concentrated long positions with rigorous focus on early-stage, highly-original contrarian idea origination” and “will engage in a hedging strategy aimed at isolating alpha and removing exogenous risk in long positions.”

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...