A Utilities-Focused Hedge Fund that Managed $319 million is Shutting Down, with Its Staff Moving to

[dealmaker]

A Utilities-Focused Hedge Fund that Managed $319 million is Shutting Down, with Its Staff Moving to Point72 (Business Insider)
Blackstart Capital, which listed $319 million under management on a recent disclosure form, has terminated its registration with the Securities and Exchange Commission. The fund focused on North American utilities, power and related infrastructure sectors. Jamie Waters, a partner and portfolio manager there, said on his LinkedIn profile that he and some number of others moved to Point72 earlier this month, and Point72 confirmed the move to Business Insider.

 

[MarkBrown]

could not have possibly gotten thru the day with know this news, so looking forward to the next public service message.

 

[bone]

Slow news day when you’re talking about a $319M hedge fund.

Like a family office TBH.

 

[zdreg]

Maybe where you come from you can be dismissive of a $319M hedge fund.
Furthermore for the investment specialty or its holdings it may not be so small.

 

[bone]

The top 20 US Utilities have close to a Trillion Dollar market cap so yeah, $319M is really small potatoes in that space.

Maybe where you come from you can be dismissive of a $319M hedge fund.
Furthermore for the investment specialty or its holdings it may not be so small.

 

[zdreg]

Understood.
They may not hold any of the top 20 US Utilities but are holding positions in an obscure sub-sector which offers outlandish returns commiserate with high risk.

 

[jharmon]

Utilities, outlandish returns?
What is this, 1953?

 

[jtrader33]

could not have possibly gotten thru the day with know this news, so looking forward to the next public service message.

The guy is one of a select few that actually bring value to this site and you follow him around whining. Just don’t open the thread if the stories stress you out so much.