Ex-JPMorgan Chase CFO Douglas Braunstein has joined forces with James Woolery, former chairman-elect at law firm Cadwalader, Wickersham & Taft, to launch a new investment management firm.
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Known as Hudson Executive Capital, the New York-based firm aims to drive returns through constructive engagement with board, management and shareholders of companies.
The new hedge fund firm also seeks to create opportunities using actionable strategies and corporate finance solutions to drive returns.
The founding partners will combine their strategic and operational experience, corporate finance expertise and network relationships in managing the new activist hedge fund.
The new firm will be launched with an initial $250m investment from the two founders alongside 14 current and former chief executive officers.
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By GlobalDataThe newly formed firm’s advisory board will comprise the 14 CEO partners namely Douglas Bergeron, Marc Casper, Darwin Deason, Fred Eshelman, Joseph Gromek, William Harrison, Stephen Hemsley, Ernest Mario, John McGlade, Alan Miller, Howard Milstein, Paul Ormond, Ivan Seidenberg and Douglas Steenland.
Braunstein said: "We bring a value-oriented, industry-focused investment approach that will combine our collective management and strategic insight with active engagement around corporate finance strategies."
Woolery said: "There is a significant and growing opportunity in the market today for shareholders to work collaboratively with companies to strengthen corporate strategy, enhance performance, and generate superior returns."
