Dawson-Herman Capital Shutting Hedge Fund
| August 17th, 2009 | ||
| Contributed by: Teri Buhl | ||
| Dawson-Herman Capital Management is reportedly shutting down its Southport Millennium hedge fund. According to an article by Teri Buhl, the decision was made following a conflict between the firm’s managing partners John Dawson and Russell Herman. At the end of 2008, Dawson-Herman Capital had held over $1,350 million in US Equity Assets, but according to its 6-30-09 report, which was filed with the SEC on Thursday, that number has fallen to just $410 million. According the article, a number of the firm’s investment professionals flooded the street with their resumes towards the end of last week. To see the complete article on DealBreaker, please click Dawson-Herman Shuttering Fund It’s not clear if the firm’s other hedge funds will continue to operate. Dawson-Herman was founded in 1981 by current Chairman Jonathan Dawson and former managing director Arthur “Art” Samberg, who spun-off from the firm in 1999 to create the now troubled Pequot Capital Management. Previously known as Dawson-Samberg Capital Management, the firm became Dawson-Herman Capital in 2004 when Russell Herman became the new co-managing director and CEO. According records with the SEC, Mr. Herman is the majority owner of the Dawson-Herman, while Mr. Dawson now holds a stake that amounts to less than 25%. | ||
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For Detailed Investor Profiles on these Investors, click below: |
Dawson-Herman Capital Management |
Pequot Capital Management* |
Related People: Art Samberg;
Related Entities: Dawson-Herman Capital Management*;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings; Hedge Fund Resources and Featured Partner News
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