Manikay Partners

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Manikay Partners
Founded 2008
Headquarters New York City
Key People Shane Finemore
Products Hedge fund that pursues an opportunistic strategy based on long-bias global equity coupled with arbitrage and short-term trading in North America
Website https://www.manikaypartners.com/Default.aspx

Manikay Partners is a New York-based hedge fund. The hedge fund pursues an opportunistic strategy based on long-bias global equity coupled with arbitrage and short-term trading in North America.[1]

Manikay Partners managing partner Shane Finemore raised $300 million for the new hedge fund and secured backing from Goldman Sachs.[2] He reportedly contributed $25 million of his own money for the fund.[3]

History

Manikay Partners was named in a U.S. Securities Exchange Commission action in September of 2013. The SEC accused 23 funds of market manipulation charges, including Manikay Partners. All but one of the 23 settled for a total of $14.4 million. G2- Trading is fighting the charges. The SEC said the firms had violated Rule 105 which prohibits funds from short selling a company’s stock within five days prior to a public offering and then buying new shares in the public offering.[4]

As a result of the SEC crackdown, Manikay Partners founder Shane Finemore stepped down from the board of directors of the ASX.[5]

Products and Services

Key People

References

  1. Shane Finemore Bio, Returns, Net Worth. Insidermonkey.com.
  2. Former UBS Banker To Launch Hedge Fund, Backing From Goldman Sachs. Wealth-Bulletin.
  3. Hedge Fund Start-Up Secures Goldman Support. Dow Jones Online Financial News.
  4. Manikay Partners. Businessweek.
  5. ASX faces questions after directors quit over scandal. The Australian.