Jeffrey Gendell Launching Tontine Total Return Hedge Fund

June 5th, 2009
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After a humbling 2008, Jeffrey Gendell’s Tontine Partners is in the process of launching a new total return hedge fund. According to an article from Reuters, the new fund has only raised $12.6 million in assets so far, but management is anticipating a much larger pool at launch.

Tontine made headlines in 2008 when it announced that it was shutting down its well-respected flagship hedge funds, following a year of dismal returns.

Tontine Partners is a deep value-focused hedge fund manager that was founded by managing principal Jeffrey L. Gendell in 1997. Prior to Tontine, Mr. Gendell was a general partner at Odyssey Partners. The firm is named after 17th century Italian banker Lorenzo de Tonti, who invented an annuity where several partners invest and receive annual dividends.
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Tontine Partners
Related People: Jeffrey L. Gendell
Related Entities: Tontine Capital Partners*; Tontine Financial Partners, L.P.; Tontine Overseas Associates; Tontine Partners*; Tontine Power Partners; Tontine Total Return Fund LP
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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