Magnetar hires Peter Streinger as COO

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Magnetar Capital, the $3 billion multistrategy firm founded by Alec Litowitz and Ross Laser, has hired Peter Streinger, formerly chief financial officer of Andor Capital Management, as chief operations officer, a new role at the firm.

Magnetar was one of the megalaunches of 2005, and it has continued to raise money

Magnetar was one of the megalaunches of 2005, and it has continued to raise money. By July 1, Magnetar's assets under management had increased this year more than 30%. The fund was down 0.6% this year through September, but was up about 5.85% last year, according to an