Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

News Archive

Read More Industry News >

Hedge Fund Vets Creates New Firm Through Merger

Oct 23, 2013
Jing Chen

A pair of Wall Street veterans is teaming up to create a new hedge fund firm.

Reuters reported that Ader Investment Management’s Jason Ader and Cumberland Associates’ Andrew Wallach have combined their two funds to create New York-based activist firm Owl Spring Asset Management.

The article said that Owl Spring is expected to begin operations with approximately $225 million in capital, including about $30 million from Ader and Wallach. Ader and Wallach will both be co-CEOs of Owl Spring.

Established in 1970, Cumberland specializes in activist investing. Founded in 2003, Ader Investment was seeking out activist managers as part of a hedge fund seeding business he launched in 2012, and discovered Cumberland.

 

 

Read More Industry News >


Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now


Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More