Jim Pallotta takes a mulligan, launches Raptor Evolution Fund

September 19th, 2010
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Legendary hedge fund manager Jim Pallotta is returning to the industry with the launch of the Raptor Evolution Fund. The new hedge fund management firm has reportedly raised approximately $200 million and will employ the same long/short equity strategy that established Pallotta during his impressive run at Paul Tudor Jones’ Tudor Investment Corporation. According to the New York Times, Mr. Pallotta achieved returns that averaged over 19% annually over his 15 year tenure at Tudor.

In January of 2009, James Pallotta spun-off his $12 billion dollar hedge fund Raptor Global from Tudor. Raptor Global was hurt by poor performance, falling by nearly 20% during 2009. After just 6 months of independence, Pallotta decided to shut down his new venture.

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For Detailed Investor Profiles on these Investors, click below:
Raptor Capital Management*
Tudor Investment Corporation
Related People: James Pallotta; James Pallotta*; Paul Tudor Jones, II
Related Entities: Altar Rock Fund*; Altar Rock*; BVI Global Fund Ltd; BVI Global Fund*; Raptor Evolution Fund; Raptor Evolution Fund GP LLC; Raptor Global Fund*; Raptor Global*; Tudor Investment Corp; Tudor Investments; Tudor Momentum Futures Fund; Tudor Tensor
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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