Finance

One of the most senior women in the hedge fund industry has made a big hire

Samantha GreenbergSamantha Greenberg, founder of Margate Capital.Via LinkedIn

One of the most anticipated hedge fund launches has made a big hire.

Samantha Greenberg’s Margate Capital hired Jared Weisfeld as a partner and technology sector head.

Weisfeld joined the new hedge fund earlier this month, and previously was an associate portfolio manager at Balyasny Asset Management where he helped manage a $1 billion technology long/short equity portfolio. He also previously worked as an analyst at Steve Cohen’s SAC Capital, according to a LinkedIn profile.

The nascent fund is targeting $400 million to $500 million when it launches later this year, according to a person familiar with the matter.

A rep for Margate Capital declined to comment.

Greenberg is one of the industry’s rare female hedge fund managers. Some estimates put the number of hedge funds led by women at less than 2% of the industry total.

She is also one of the industry’s most senior women, and held a partner position at Paulson & Co. where she headed the group that invests in the media/cable/satellite and consumer sector.

Her new stock-focused firm nabbed a $130 million seed investment from Ramius earlier this year. Ramius also backed another woman hedge fund manager, Nancy Davis’ Quadratic Capital, whose macro fund just had its best day ever after Brexit.

Other anticipated hedge fund launches this year include ones by:

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