Wed, Sep 17, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Palisade Capital Management buys Hermes Advisors

Wednesday, January 09, 2013
Opalesque Industry Update - Palisade Capital Management, L.L.C., a Fort Lee, NJ-based SEC registered investment advisor with $3.6 billion of assets under management, announced that Paul Flather has joined the firm as the Portfolio Manager of the Palisade Long/Short Alpha Fund, a newly-launched long/short equity hedge fund. Palisade has also acquired substantially all of the assets of Hermes Advisors, LLC, which was founded by Mr. Flather in 1994, and where he served as portfolio manager. Mr. Flather graduated in 1984 from the University of California at Los Angeles with a B.A. in Business Economics and in 1986 from Columbia University with an M.B.A. in Finance.

''We have been looking for ways to broaden our alternatives platform beyond our convertible arbitrage hedge fund and private equity funds while leveraging our stock picking expertise,” said Jeffrey D. Serkes, Palisade’s Chief Operating Officer. “Paul Flather is a seasoned investment professional with more than 18 years of experience managing a long/short equity strategy. His investment methodology compliments the fundamental stock picking process at Palisade.”

“I am excited to be joining Palisade,” said Mr. Flather. “At Hermes, my focus has been an extensive bottom-up process for picking stocks. This same philosophy is the backbone of Palisade. I look forward to working with the experienced teams at Palisade and to sharing investment ideas.”

About Palisade Capital Management, L.L.C.
Palisade Capital Management, L.L.C., founded in 1995, is an SEC-registered investment adviser with $3.6 billion of assets under management. Palisade manages assets on behalf of institutional clients and high net worth individuals. The firm manages institutional investment strategies focused on small-cap core equities, small-, smid-, and mid-cap growth equities, long-only convertible securities, convertible arbitrage, long/short equities, and private equity. The firm also provides comprehensive investment management services for individuals. Palisade is located in Fort Lee, NJ and also maintains an office in Palm Beach, Florida.

Press release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Big hedge funds show interest in Alibaba, Maglan joins other hedge funds in rush to Argentinian assets[more]

    Big hedge funds show interest in Alibaba From Hereisthecity.com: …Three other major hedge fund investors who have shown interest in the IPO are Dan Loeb of Third Point, David Tepper of Appaloosa Management and Dan Benton of Andor Capital Management. All three were among the roughly 800 p

  2. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  3. Investors move capital out of Scotland ahead of referendum[more]

    Benedicte Gravrand, Opalesque Geneva: Ahead of Scotland’s independence referendum on September 18, asset managers, investors and pension savers are moving billions of pounds out of the country,

  4. Indices - Greenwich Global Hedge Fund Index up 1.57% in August (+4.22% YTD), Eurekahedge Hedge Fund Index rebounds in August gaining 1.36% (4.22%), Lyxor Hedge Fund Index was up 0.9% in August (YTD +1.7%)[more]

    Greenwich Global Hedge Fund Index up 1.57% in August (+4.22% YTD) The Greenwich Global Hedge Fund Index ended the month of August up +1.57%. Equity markets were up in August with the MSCI World Index up +2.00%. This was primarily driven by the performance of the S&P 500 which was up +4.

  5. Alpha Strategic buys stake in Premium Point Investments[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Alpha Strategic plc, a affiliate of