Manikay Partners
| 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[edit]
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[edit]
Key People[edit]
- Chief Trader, Steve Paridis
- Operations Chief, Sean McDuffy
- Securitization Analyst, Salah Saabneh
- Risk-Arbitrage Specialist, Jim Clark
References[edit]
- ↑ Shane Finemore Bio, Returns, Net Worth. Insidermonkey.com.
- ↑ Former UBS Banker To Launch Hedge Fund, Backing From Goldman Sachs. Wealth-Bulletin.
- ↑ Hedge Fund Start-Up Secures Goldman Support. Dow Jones Online Financial News.
- ↑ Manikay Partners. Businessweek.
- ↑ ASX faces questions after directors quit over scandal. The Australian.