Wednesday, 1 October 2014
Last updated 23 min ago
Feb 6 2009 | 12:00am ET
Joshua Berkowitz, a former portfolio manager at Soros Fund Management, and Richard Cordsen, a former regional director for the Americas at the Permal Group, have teamed up to launch the Woodbine Capital Fund.
The New York-based global macro offering made its debut last month with $200 million and finished its first month of trading up 1.2%, according to an investor with knowledge of the firm’s maiden fund. That investor says the fund is scalable, given Berkowitz’s history of managing $1 billion plus for Soros’ global macro portfolio. Berkowitz’s resume includes stints at SAC Capital Advisors and Goldman Sachs.
The fund charges a 2% management fee and a 20% incentive fee with a $5 million minimum investment requirement.
It has quarterly liquidity with 30 days notice.
The firm currently has five partners including Marcel Kasumovich, currently director of research and strategy and formerly of Soros and Goldman.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...