Satellite Asset Management Ceases to Orbit

May 15th, 2009
| More
Bloomberg reported this week that hedge fund manager Satellite Asset Management is in the process of winding down after poor performance and heavy client withdrawals. The firm’s assets under management have fallen from $7 billion as of 12/31/07 to approximately $2.8 billion today.

Satellite was founded in 1999 by Lief Rosenblatt, Mark Sonnino and Gabe Nechamkin. Prior to starting the firm, the founders led the Special Situations group at Soros Fund Management LLC. The firm’s fund offerings included the Satellite Funds, Satellite Overseas, Satellite Convertible Arbitrage, Satellite Credit Opportunities and Satellite Financial Services funds.
See Source
For Detailed Investor Profiles on these Investors, click below:
Soros Fund Management
Related People: George Soros; Jeff Eberwein; Keith Anderson*; Robert Donald; Robert Soros; Scott Bessent; Zameer Arora
Related Entities: Pharos Financial Group (seeded) ; Quantum Emerging Growth Fund; Quantum Fund; Quantum Group of Funds; Soros Capital LP; Soros European Equity Fund; Soros Quantum Endowment Fund
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

More Recent Headlines

Ospraie and BNP veterans to launch Commodity-Focused Verulam Resources Hedge Fund

Farallon Loans Bankrupt General Growth Properties $400 Million

Target Criticizes Ackman’s Board Nominees

Pershing Squares’ Bill Ackman Preaches his Target Agenda

Icahn is All In at the Tropicana Casino

MGM Mirage Escapes the Claws of Carl Icahn & Oaktree Capital

GLG’s Alternative Strategy AUM Fall by $13.5 billion

Samena Capital Management Launching Japan Equities Hedge Fund

Steel Partners Urges Aderans’ Shareholders to Oppose White Knight

Geffen Trying to Buy Harbinger Out of NY Times