|
|
Benedicte Gravrand, Opalesque Geneva: Joe Rotter's market neutral event driven hedge fund, run under Neuberger Berman's umbrella, will close its initial founder's share class to new investors on 1st August, after having garnered about $570m in AuM since its November 2016 launch. The fund already managed $209m in December, said Fortune, which would make it one of the biggest launches that year.
According to a note to investors seen by Opalesque, the Neuberger Berman Principal Strategies Fund's Founders Class has generated a net return of 9.85% YTD (till the end of May) and 11.53% since inception.
Before this, Rotter, a portfolio manager with a legal background, had two stints at Chicago-based mega manager Citadel: he spent more than four years as head of event driven Americas until December 2008, and then nearly three years as head of event driven investments until August 2015, when the firm's founder Ken Griffin decided to close the event driven division. Between the two stints, Rotter co-founded RoundKeep Capital Advisors. The event driven fund peaked at more than $1bn in ear...................... To view our full article Click here
|
|
RSS
