Former Diamondback fixed income team to launch credit hedge fund
From WSJ.com: Aesir Capital Management LLC, formed by the former fixed income group of troubled hedge fund Diamondback Capital Management, will start a new fund next month, according to information sent to investors.
Aesir Credit Master Fund Ltd., led by Chief Executive and Chief Investment Officer Mark Fishman, is a fixed income hedge fund. Investments will target liquid, actively traded credit markets, including investment-grade and high-yield bonds and emerging markets credits, the document said. It didn't cite the size of the new fund, but a potential investor said Aesir is aiming to raise as much as $500 million… Full article (subscription required): Source
Ex-Paulson partner, Robert Lacoursiere, launching own hedge fund
From NYpost.com: John Paulson’s stubborn bullishness cost the hedge fund superstar billions of dollars last year. Now one of the partners overseeing the bank stocks that dragged the firm down is starting a hedge fund of his own.
Robert Lacoursiere, a former partner and head of global banks at Paulson, is launching equity hedge fund Petrarca Capital. He’s teaming with former Paulson & Co. colleague James Fotheringham, who was a senior vice president in the bank group. The new fund will also invest in financial stocks. Both men joined Paulson in 2008, the year after Pau......................
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