Hedge Funds

John A. Levin & Co's event-driven team to exit 2006


After a bitter proxy battle waged by rival hedge funds stripped John A. Levin of control of the firm he created this year, John A. Levin & Co.'s senior event-driven portfolio managers are planning to exit the shop, and the firm will shut down its $2.1 billon event-driven fund.

The latest 8-K filing with the Securities and Exchange Commission by parent firm BKF Capital Group revealed that top event-driven managers Frank Rango and Henry Levin are among the key personnel that would leave John A. Levin & Co in the first half of 2006. At the midyear mark