One Year Ago
Greenlight Capital’s Vlad Artamonov and Ivory Investment Management’s Todd Plutsky founded Coastal Investment Management and launched its maiden fund, a long/short equity strategy Coastal Investment Partners.
Man Investments sought to double its number of managed accounts. Last year, the firm managed roughly 70 managed accounts worth $6 billion, but was working with its managers to increase that number to 140 by late 2010. By September 2010, the firm managed 80 managed accounts worth $7.5 billion.
Five Years Ago
Chatri Trisiripsal, previously a managing director at Maverick Capital, left to start his own firm, Izara Capital Management.
Former Citadel Investment pro Alec Litowitz went on a massive asset-raising push and sought to bring in $2 billion for his newly formed Evanston, Ill.-based Magnetar Capital. Assets quickly grew and reached a peak of $8.3 billion in January 2008. The firm was hit hard in 2008, however, and by the end of the year, its flagship fund was down 30%. Assets have crept back, and now the firm manages $7.1 billion.