TPG-Axon and SAC execs to launch Palestra
September 20, 2011
Lawrence Delevingne
Jeremy Schiffman and Andrew Immerman are launching a global long/short equity hedge fund.
Jeremy Schiffman and Andrew Immerman are preparing the first quarter 2012 launch of Palestra Capital Management, a global long/short equity fund in New York.
The pair has secured $155 million in anchor investments from Goldman Sachs and TPG Capital "related entities," according to Palestra marketing materials. The firm’s flagship fund will invest primarily in equities but also in credit and derivatives. Target sectors will include consumer, financial services, industrials and energy....
TAKE A FREE TRIAL
The full contents of this article are available to Absolute Return subscribers and trialists only.
To continue reading please, take a free trial, subscribe or log in.
Subscribe
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.
Subscribe now