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The 2014 Hedge Fund Rising Stars: Andrew Immerman

Immerman founded Palestra Capital Management with long-time friend and fellow Hedge Fund Rising Star Jeremy Schiffman in 2011. It currently manages more than $900 million.

In 2011, Palestra Capital Management was the first hedge fund firm to receive a $100 million commitment from what was then Goldman Sachs Asset Management’s new seeding fund. Founded by Andrew Immerman and Jeremy Schiffman, New York–based Palestra now manages more than $900 million. The firm’s long-short fund focuses on value-based and event-driven opportunities. Immerman, 38, attended the Wharton School of the University of Pennsylvania and holds an MBA from Harvard Business School. The Wyckoff, New Jersey, native started his career in 1998 as an analyst in the investment banking division of Goldman Sachs Group, then moved to San Francisco two years later to work in private equity. Returning to New York, Immerman spent four years with Viking Global Investors, joining the firm as an analyst in 2006. Immerman credits his time at Viking for honing his hedge fund investing acumen. He has put those skills to work since starting Palestra with Schiffman, a longtime friend.

 

Daniel
Ben-David

Charles (Chuck)
Caffray

Eli
Combs

Nancy
Davis

Scott
Ferguson

Maya
Fishman

Matthew
Fitzmaurice

Brad
Gilbert

Deepak
Gulati

Andrew
Immerman

Barry
Kaplan

Danny
Kayne

Anthony
Lawler

James (Jimmy)
Levin

Jonathan
Loflin

Brendan
MacMillan

Ryan
McNally

Jessica
Taylor
O’Mary

Jamie
Parrot

Sanjay
Patel

Jessica
Reed
Saouaf

Nitin
Saigal

Christopher
Schelling

Jeremy
Schiffman

Amy
Schneidkraut

Gray
Smith

Sam
Smith

Ezra
Solomon

Maria
Vassalou

Jack
Yuen