Connecticut needs a hedge fund manager to solve its problems. That’s according to 48-year-old David Stemerman, who said Tuesday he will shut down his hedge fund, Conatus Capital, to explore a gubernatorial run — even though the state’s fiscal woes have been partly blamed on the downturn in the hedge fund industry. “Connecticut … is...
NYS Entity Status
NYS Filing Date
FEBRUARY 07, 2013
NYS DOS ID#
NYS Entity Type
FOREIGN LIMITED LIABILITY COMPANY
2013 - HEDGE FUND SELECT
AROUND THE WEB
- Hedge fund manager closes firm to pursue politics
By Carleton English - Tuesday Sep 19, 2017
- Third Point, a Hedge Fund, Sets Its Activist Sights on Nestlé
By MICHAEL J. de la MERCED - Sunday Jun 25, 2017
The fund, run by Daniel S. Loeb, has called on the Swiss food giant to sell its stake in L’Oréal and move more quickly to adapt to changing consumer tastes.
- Bacon’s Moore Capital fires workers amid hedge-fund woes
By Carleton English - Thursday Jul 13, 2017
Louis Bacon’s hedge fund just got a little leaner. The billionaire’s Moore Capital Management cut 30 jobs at its New York and London offices, a spokesperson for the firm confirmed. Moore Capital’s headcount reduction accounts for 7 percent of the $13.4 billion fund’s 427 person workforce. “Like many firms in our industry, Moore Capital Management...
- Dan Loeb buys a chunk of Nestle, blasts ‘staid’ culture
By Carleton English - Monday Jun 26, 2017
Dan Loeb just placed his biggest bet ever on a chocolate company. The activist investor’s hedge fund Third Point LLC amassed a $3.5 billion stake in Nestle, the world’s largest packaged foods company, representing roughly 1.25 percent of the Swiss-based company’s shares. Loeb is hoping to reinvigorate the brand amid changing food tastes as well...
- Steve Mnuchin signals higher taxes for hedge funds
By Kevin Dugan, Carleton English - Tuesday Sep 12, 2017
Steve Mnuchin to Wall Street: Time to pay up. The Trump administration is targeting an effective tax-rate hike on hedge funds and some accounting firms as part of a broader overhaul of the US tax system, Treasury Secretary Steve Mnuchin said Tuesday at an industry conference. Hedgies typically have their income taxed at a lower...
- Legendary oil trader forced to shutter hedge fund amid low prices
By Carleton English - Thursday Aug 3, 2017
The oil trading “God” has spoken — and is said to be closing down his main hedge fund because he just can’t make a profit with such low-priced oil. Low volatility and plummeting prices in crude helped contribute to a 30 percent decline in Andy Hall’s Astenbeck Fund this year through June 30. While the...