Looking back on a BlueMountain launch and hedge funds’ $2 trillion milestone

AR also revisits a launch from two Chesapeake Partners alums.

One year ago
»» Andrew Grossman, who was previously a senior trader of then-$2.49 billion Baltimore firm Chesapeake Partners Management, prepared to launch a hedge fund by July with the help of former Chesapeake analyst Michael Levitt. The duo launched LG Capital Management, based in Owings MIlls, Maryland, that August, and it now manages more than $20 million in an event-driven strategy, according to a person familiar with the firm.

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