Steve Eisman to Start Hedge Fund Emrys Partners in January

Ex-FrontPoint manager Steve Eisman, one of the men known for betting against subprime mortgages, announced plans to start his own hedge fun in January reports the SF Gate. The fund will be called Emry Partners and will be a long-short fund focused on “investing in stocks and bonds across industries.”

Goldman Sachs Group Inc (NYSE:GS)

Emry Partners Founding Members

Steve Eisman returned 81% on his Financial Horizons Fund. The stellar return was due primarily to Eisman’s subprime bets and some of the bets he made against for-profit schools. In June, when Eisman left FrontPoint, it was rumored that he would be starting his own hedge fund with some people from FrontPoint. The SF Gate reports that Eisman is founding Emry Partners as part of a prominent team. He co-founders include Jon Kalikow of Rocwood Capital Management, Ed Cabral of Goldman Sachs Group Inc. and Mark Weiner of JAT Capital Management LP.

Other Plans for FrontPoint Crew

Several members of FrontPoint did leave to start their own fund. According to the SF Gate, “Eisman’s ex-trader Danny Moses, and former analysts Porter Collins and Vincent Daniel are planning to raise $150 million to $200 million for Seawolf Capital, according to a person familiar with the firm, who asked not to be identified because the information is private. The long-short hedge fund, which will be based in New York, will invest $30 million in partner capital and is targeting as much as $500 million, with a focus on global financials, the person said. Seawolf, which has a team of six, also hired Edward Fasano, another former FrontPoint executive, as its operating chief, according to the person.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!