Stop The Presses! Firm ‘Accidentally’ Issues Release

Mar 10 2006 | 12:00am ET

Ladenburg Thalmann Asset Management has reportedly launched a new hedge fund that will invest in blank check companies.

A spokesman at the firm declined to comment on the new fund, LTAM/SMC Opportunity Fund.

News of the fund launch was reported in HedgeWeek, and a source familiar with the matter said an administrator affiliated with the money management firm “accidentally” sent the press release to the media outlet.

LTAM has a strict policy of not announcing its new funds while the firm is in the capital raising stage. According to the press release in HedgeWeek, the fund will be managed by Steven Cohen and has the capacity to take in $300 million.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR