Hedge Fund News From HedgeCo.Net

Hedge Fund Founder Jeff Tannenbaum’s Next Act Will Be Green

(Bloomberg) Jeff Tannenbaum made his fortune through investing; now he’s investing that fortune. He’s chairman emeritus at New York-based Fir Tree Capital Management LP, the hedge fund he founded in 1994, though he began handing over investment responsibilities in the early 2000s and had ceased day-to-day portfolio management by the middle of the decade. In recent years the firm has struggled with staff departures, soured investments, and a drop in assets of more than half from a peak of $13 billion in 2015.

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