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%. | ||
See Source | ||
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
More Recent Headlines
China vs. the U.S.- Who Will Blink First? |
Warren Lichtenstein’s Steel Partners convinces Noritz Chairman to Quit |
FRM Capital Makes Strategic Investments in JD Capital Management and WestSpring Advisors |
Bull and Bear Capital launches to serve Emerging Hedge Fund Managers |
Steel Partner’s Warren Liechtenstein Prepares for Bank Chairman Role |
Man Group Sells Stake in MF Global |
Alnbri Management Sells Hybrid Fund II to Woodward Alpha Management |
Maverick Capital, Water Street, Seasons Capital, Alkeon and Galleon Management top Solar investing Hedge Fund List |
Pershing Square’s Bill Ackman raises his stake in Target |
Goldman's Board Is Getting Too Cozy |
Other Openings and Closings
CQS Management hires Former SAC Capital Hedge Fund Manager for new Long/Short Hedge Fund | ||
| June 9th, 2013 |
JPMorgan prop trading veteran Deepak Gulati launches Argentiere Capital AG | ||
| June 5th, 2013 |
Top Emerging Hedge Fund Managers Rise to New Heights, Report Equity Assets of $45 billion | ||
| May 13th, 2013 |
Timothy Attias & Santiago Alarco's Canosa Capital launches with $300M | ||
| May 6th, 2013 |
SAC Capital veteran Yip Ka-hay set to Launch Macro focused Bright Stream Capital Management | ||
| May 3rd, 2013 |
