Samantha Greenberg, founder of Margate Capital.Via LinkedIn
One of the most anticipated hedge fund launches has made a big hire.
Samantha Greenberg’s Margate Capital hired Jared Weisfeld as a partner and technology sector head.
Weisfeld joined the new hedge fund earlier this month, and previously was an associate portfolio manager at Balyasny Asset Management where he helped manage a $1 billion technology long/short equity portfolio. He also previously worked as an analyst at Steve Cohen’s SAC Capital, according to a LinkedIn profile.
The nascent fund is targeting $400 million to $500 million when it launches later this year, according to a person familiar with the matter.
A rep for Margate Capital declined to comment.
Greenberg is one of the industry’s rare female hedge fund managers. Some estimates put the number of hedge funds led by women at less than 2% of the industry total.
She is also one of the industry’s most senior women, and held a partner position at Paulson & Co. where she headed the group that invests in the media/cable/satellite and consumer sector.
Her new stock-focused firm nabbed a $130 million seed investment from Ramius earlier this year. Ramius also backed another woman hedge fund manager, Nancy Davis’ Quadratic Capital, whose macro fund just had its best day ever after Brexit.
Other anticipated hedge fund launches this year include ones by:
- Ravi Chopra, who is in the early stages of starting a long/short equity fund, according to people familiar with the matter. Chopra, who focuses on financial stocks, previously worked for multi-billion Samlyn Capital until this year and a SAC Capital subsidiary, Sigma Capital, from 2003 to 2006. The firm has yet to be named.
- Ben Melkman, a former Brevan Howard partner, whose nascent New York macro fund is planning to bring on a Goldman Sachs partner.
- Josh Dornfeld and Dave Rogers, who worked at George Soros’s family office and are backed by legendary investor Stanley Druckenmiller.