Thursday, 23 October 2014
Last updated 1 hour ago
Nov 11 2009 | 12:13pm ET
Crescendo Partners, whose activist-oriented portfolio Crescendo Partners III reported a 2% gain last month and is up 151% for the year and 22% since its inception in January 2007, is on a fundraising push.
The hedge fund firm told FINalternatives that it is initiating a targeted capital raise of $100 million for the portfolio, and expects to close the round in the first quarter of 2010.
Eric Rosenfeld, who formed Crescendo Partners in 1998 after managing the merger arbitrage business at Oppenheimer and Company for 14 years, said he sees tremendous opportunities for Crescendo’s style of patient activism, but plans to build assets gradually over time.
In situations where Rosenfeld chooses to become active, the fund typically buys between 5% and 20% of a company. The activist hedge fund is an investor in such 2009 standout activist investments as Cott Corp, Bridgewater Systems, and Destination Maternity.
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 ...