Steve Eisman, the hedge fund manager made famous by his starring role in Michael Lewis' The Big Short, is criticizing for-profit education companies. Eisman was probably the biggest winner from the subprime mortgage crisis. Eisman had bet billions on the fall of subprime mortgages - what he saw as a unsustainable industry taking advantage of its customers.
Now Eisman is lashing out against the stocks of for-profit schools saying, "Until recently, I thought that there would never again be an opportunity to be involved with an industry as socially destructive and morally bankrupt as the subprime mortgage industry. I was wrong. The for-profit education industry has proven equal to the task."
Stocks of education companies like Corinthian Colleges Inc and Education Management Corp were off on the announcement.
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Showing posts with label hedge fund managers. Show all posts
Showing posts with label hedge fund managers. Show all posts
4.16.2010
2100 Xenon Group - Hedge Fund Manager Profiles
2100 Xenon Group
Strategies:
Managed Futures, Fixed Income
Description:
2100 Xenon is a hedge fund / CTA specializing in a full range of futures products including global equity, fixed income, currency, energy, metals and other commodities. The 2100 Xenon Long/Short Global Fixed Income Program is a systematic managed futures strategy that invests in global fixed income markets with an expected volatility of 7.5-10% annualized.
Leadership:
Steven Schnur, Director
CEO, Director
Assets Under Management (AUM):
$120 Million
Website:
www.2100xenon.com
Contact Information:
2100 Xenon Group
430 West Erie Street, Suite 310
Chicago, IL 60610
Phone: 3123379411
Fax: 3123379685
Strategies:
Managed Futures, Fixed Income
Description:
2100 Xenon is a hedge fund / CTA specializing in a full range of futures products including global equity, fixed income, currency, energy, metals and other commodities. The 2100 Xenon Long/Short Global Fixed Income Program is a systematic managed futures strategy that invests in global fixed income markets with an expected volatility of 7.5-10% annualized.
Leadership:
Steven Schnur, Director
CEO, Director
Assets Under Management (AUM):
$120 Million
Website:
www.2100xenon.com
Contact Information:
2100 Xenon Group
430 West Erie Street, Suite 310
Chicago, IL 60610
Phone: 3123379411
Fax: 3123379685
4.06.2010
3 Sigma Value Management - Hedge Fund Manager Profiles
3 Sigma Value Management
Strategies:
Global Equity, Long/Short
Description:
In 2007, 3 Sigma Value, a New York based hedge fund launched its $6million equity long/short fund, using a deep-value, fundamental-based, long-short investment strategy. 3-Sigma Value Offshore, Ltd, is domiciled in the British Virgin Islands
Leadership:
Benjamin Weinger, Portfolio Manager
Portfolio Manager, Portfolio Manager
Website:
http://3sigmavalue.com
Contact Information:
3 Sigma Value Management
250 Park Avenue South, 10th Floor
New York, NY 10003
Phone: 6464523004
Fax: 6464523004
4.05.2010
1794 Commodore Funds - Hedge Fund Manager Profiles
1794 Commodore Funds
Strategies:
Fund of Funds
Description:
1794 Commodore Funds is a boutique fund of hedge funds manager in New York. The 1794 Commodore Funds is a joint venture between York Capital Management, a multi-billion dollar event driven hedge fund manager, and William A.M. Burden & Co.
As a fund of hedge funds advisor, 1794 Management, specializes in identifying asset managers who invest where market inefficiencies have created asymmetric return opportunities.
Leadership:
Oscar Leal, Managing Director
Chairman and CEO, Managing Director
Website:
http://1794commodore.com
Contact Information:
1794 Commodore Funds
400 Madison Avenue, Suite 9D
New York, NY 10017
Phone: 2126510502
4.03.2010
1492 Capital Management - Hedge Fund Manager Profiles
1492 Capital Management
Strategies:
Multi Strategy
Description:
1492 Capital Management is a Milwaukee-based hedge fund. The firm's investment approach is based on:
Intensive company research used to assess which companies will be the major beneficiaries of an industry or sector theme.
Face-to-face interviews with companies, their competition and suppliers to accurately analyze finances and understand managements’ plans and motivations.
Leadership:
Tim Stracka, Founding Principal
Chief Operating Officer, Founding Principal
Website:
www.1492capitalmanagement.com
Contact Information:
1492 Capital Management
309 North Water Street, Suite 505
Milwaukee, WI 53202
Phone: 4142249160
Strategies:
Multi Strategy
Description:
1492 Capital Management is a Milwaukee-based hedge fund. The firm's investment approach is based on:
Intensive company research used to assess which companies will be the major beneficiaries of an industry or sector theme.
Face-to-face interviews with companies, their competition and suppliers to accurately analyze finances and understand managements’ plans and motivations.
Leadership:
Tim Stracka, Founding Principal
Chief Operating Officer, Founding Principal
Website:
www.1492capitalmanagement.com
Contact Information:
1492 Capital Management
309 North Water Street, Suite 505
Milwaukee, WI 53202
Phone: 4142249160
4.02.2010
1607 Capital Partners - Hedge Fund Manager Profiles
1607 Capital Partners
Strategies:
Equity
Description:
1607 Capital Partners is a Richmond, VA based RIA specializing in separate accounts for institutional clients. Minimum account size is $25 million. Investments are evaluated by a number of factors including relative value as measured by the fund’s discount to its underlying net asset value; macroeconomic factors influencing the fund’s specific country or region of investment; historical performance of the managers versus their peers; and more.
Leadership:
Jim Mallory, Managing Director
Chairman, Managing Director
Assets Under Management (AUM):
$500 Million
Website:
http://1607capital.com
Contact Information:
1607 Capital Partners
4991 Lake Brook Drive, Suite 125
Glen Allen, VA 23060
Phone: 8045251750
Fax: 8049340014
Strategies:
Equity
Description:
1607 Capital Partners is a Richmond, VA based RIA specializing in separate accounts for institutional clients. Minimum account size is $25 million. Investments are evaluated by a number of factors including relative value as measured by the fund’s discount to its underlying net asset value; macroeconomic factors influencing the fund’s specific country or region of investment; historical performance of the managers versus their peers; and more.
Leadership:
Jim Mallory, Managing Director
Chairman, Managing Director
Assets Under Management (AUM):
$500 Million
Website:
http://1607capital.com
Contact Information:
1607 Capital Partners
4991 Lake Brook Drive, Suite 125
Glen Allen, VA 23060
Phone: 8045251750
Fax: 8049340014
3.29.2010
6800 Capital - Hedge Fund Manager Profiles
6800 Capital
Strategies:
Multi Strategy, Fund of Funds
Description:
6800 Capital is a New Jersey based fund of hedge funds manager. The firm's manager selection is based on a database of over 5,000 advisors from ultiple asset classes including equities, interest rate markets, commodities, and currencies. The firm also offers specialized and custom tailored funds designed for those investors looking to enhance their existing portfolio of alternative investments.
Leadership:
Paul R. Morin, Director of Research
Chairman, Director of Research
Assets Under Management (AUM):
$240 Million
Website:
www.6800capitalllc.com
Contact Information:
6800 Capital
One Palmer Square East, Suite 530
Princeton, NJ 8542
Phone: 6099216595
Fax: 6096831397
Strategies:
Multi Strategy, Fund of Funds
Description:
6800 Capital is a New Jersey based fund of hedge funds manager. The firm's manager selection is based on a database of over 5,000 advisors from ultiple asset classes including equities, interest rate markets, commodities, and currencies. The firm also offers specialized and custom tailored funds designed for those investors looking to enhance their existing portfolio of alternative investments.
Leadership:
Paul R. Morin, Director of Research
Chairman, Director of Research
Assets Under Management (AUM):
$240 Million
Website:
www.6800capitalllc.com
Contact Information:
6800 Capital
One Palmer Square East, Suite 530
Princeton, NJ 8542
Phone: 6099216595
Fax: 6096831397
6.13.2009
Hedge Fund Founder Quits After JP Morgan Acquisition
Founder of Highbridge Capital Management, Henry Swieca, revealed plans to leave the firm after JP Morgan moved to purchase the remainder of the giant hedge fund. Highbridge Capital Management is one of the world's largest hedge funds with around $20 billion in AUM (assets under management). In 2008, Henry Swieca ranked in the top 100 on Forbes list of billionaires, with an estimated net worth of $1.3 billion.
Highbridge Capital Management, LLC is a global alternative investment and asset management firm based in
11.10.2008
Top 10 Highest Earning Hedge Fund Managers
Top 10 Highest Earning Hedge Fund Managers in 2007
1. John Paulson (Paulson & Co.)- 2007 Earnings: $3 billion
2. Philip Falcone (Harbinger Capital Partners)- 2007 Earnings:$2 billion
3. Jim Simons (Rennaissance Technologies)- 2007 Earnings: $1 billion
4. Steven Cohen (SAC Capital Partners)- 2007 Earnings: $1 billion
5. Ken Griffin (Citadel Investment Group)- 2007 Earnings: $ 1 billion
6. Chris Hohn (The Children's Investment Fund Management)- 2007 Earnings: $800 million
7.Noam Gottesman(GLG Partners)- 2007 Earnings: $700 million
8. Alan Howard (Brevan Howard Asset Management)- 2007 Earnings: $700 million
9. Pierre Lagrange (GLG Partners)- 2007 Earnings: $700 million
10. Paul Tudor Jones (Tudor Investment Corp.) $700 million
1. John Paulson (Paulson & Co.)- 2007 Earnings: $3 billion
2. Philip Falcone (Harbinger Capital Partners)- 2007 Earnings:$2 billion
3. Jim Simons (Rennaissance Technologies)- 2007 Earnings: $1 billion
4. Steven Cohen (SAC Capital Partners)- 2007 Earnings: $1 billion
5. Ken Griffin (Citadel Investment Group)- 2007 Earnings: $ 1 billion
6. Chris Hohn (The Children's Investment Fund Management)- 2007 Earnings: $800 million
7.Noam Gottesman(GLG Partners)- 2007 Earnings: $700 million
8. Alan Howard (Brevan Howard Asset Management)- 2007 Earnings: $700 million
9. Pierre Lagrange (GLG Partners)- 2007 Earnings: $700 million
10. Paul Tudor Jones (Tudor Investment Corp.) $700 million
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