TPG-Axon and SAC execs to launch Palestra
By Lawrence Delevingne
Tue Sep 20, 2011
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....
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