Martin Sass spins off funds in spare time

Martin Sass manages $7 billion at M.D. Sass, the New York–based investment firm he started in 1972. When he's not picking stocks, he has a sideline: seeding investment managers.

During the past 42 years, reports Bloomberg, he's helped launch and nurture 29 hedge funds, private-equity vehicles and investment strategies that oversee more than $30 billion, by his reckoning. "I did it before I even knew it was an incubator," Sass, 72, says.

M.D. Sass now has a team of five people who scour Wall Street for talented managers and winning strategies, according to Bloomberg Markets. In 2006, the firm formalized the process of building and spinning off strategies in a partnership with Australia's Macquarie Group Ltd.

GCM Grosvenor partners with emerging manager Hollis Park

Troy Dixon

Hollis Park Partners LP, a global structured products investment management firm, has started a strategic partnership with GCM Grosvenor, a large global alternative investment manager. Hollis Park launches with significant investment capital from GCM Grosvenor and other institutional investors.

New York-based Hollis Park was founded by Troy Dixon in late 2013, and manages a structured products fund. Dixon was co-head of structured products at Deutsche Bank until October 2013 after almost eight years there – and 20 years on Wall Street in structured products.

He was interviewed by Opalesque last year, when he was working on the launch of his hedge fund. He said Hollis......................

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.