The former head of global financial institutions equity research at Merrill Lynch, Judah Kraushaar, has launched Roaring Brook Capital, a fund with an “emphasis on rigorous research and value/growth at reasonable price.” Roaring Brook charges fees of 1.5% for management and 20% for performance. The minimum investment requirement is $1 million. And scene.
Former Merrill Lynch Executive Launches Hedge Fund Shop [FINalternatives]
Well, the numbers are finally in for 2012 and it was, relatively speaking, a bloodbath for hedge funds, with more going to their grave or down the drain than in 2010 or 2011. But there were still 235 more hedge funds at the end of the year than at its beginning, because those who have previously shuttered a hedge fund due to their failure to raise/make enough money gave it another go last year. Look for more of the same this year, as fresh-faced and not-so-fresh-faced hedge fund managers hang out a new shingle for a few months, only to find out that investors are only interested in having Ray Dalio manage their money.
The Killers will headline this year's SALT Conference...Cuz #TBT
Philippe Jabre will not be the last one you’ve heard of.
