One year ago
Platinum Grove knocked out its upfront fee.
Credit Suisse eyed Mesirow’s funds of funds business (the deal was never consummated).
David Rocker, who ran short-biased Rocker Partners for two decades before retiring in 2007, wrote about how a crisis is a terrible thing to waste.
Five years ago
Three of Duquesne Capital Management’s top traders, Sender Cohen, Gene Lange and Kim Walin, joined forces and planned to launch their own long/short equity fund. The firm shut its doors in 2007.
Steven Mandel, founder of Lone Pine Capital, became the largest private financial backer of Bill Clinton’s and George Bush Sr.’s London-based The Children’s Investment Fund Foundation, whose goal was to raise money to battle AIDS in Africa.
Pacific Investment Management Co. (PIMCO) planned to launch a global credit fund only a few months after its CIO Bill Gross called hedge funds “risky and generally overpriced.”
Former D.E Shaw executive Ross Garon sought money for Tykhe Capital, his $500 million fund, and went on an active marketing push. Tykhe later closed and Garon joined SAC Capital Advisors.
—Suzy Kenly
