Portman Square Capital

  • Hedge Funds

    Son Of Old Lane A Huge Disappointment

    Once upon a time, Sutesh Sharma co-founded a little hedge fund called Old Lane Partners. […]

    / Jul 11, 2013 at 9:55 AM
  • News

    Vikram Pandit To Get Back In The Hedge Fund Saddle Again, At Some Point

    Just a question of which hedge fund he’ll be riding– his own or his former Old Lane colleague’s.

    The buzz on Wall Street is that ousted Citigroup CEO Vikram Pandit will return to the hedge-fund world. UK hedge fund Portman Square Capital declined to comment on chatter that its founder, Sutesh Sharma, is eager to nab Pandit for his new firm. Sharma, a former money manager at Pandit’s now defunct Old Lane hedge fund, launched Portman this year with $500 million…Pandit is viewed by the hedge fund community as a rainmaker due to his ties to deep-pocketed investors. “I wouldn’t be surprised if he felt the timing was right to join an existing fund . . . or start his own fund,” said Robert Olman of hedge-fund search firm Alpha Search Advisory Partners.

    Thinking ahead, how much do we predict Citi will pay to acquire Portman Square (or Pandit Partners) in order to lure Big Vik back, which is kind their thing? Last time around it was $800 million so they’ll probably have to offer at least $2bn.

    Pandit Packing For London Hedges [NYP via FINalternatives]

    / Oct 22, 2012 at 5:54 PM
  • Hedge Funds

    Old Lane Partners Rises!

    Kind of! Remember Old Lane? That hedge fund Citigroup had to buy to get its […]

    / Jun 18, 2012 at 12:28 PM