Monday, 30 November 2015
Last updated 7 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…