Latest news with #RyanFoster
Business Insider
6 days ago
- Business
- Business Insider
The latest Millennium spin-out is a new credit hedge fund seeded by a $6 billion backer
Ryan Foster is launching Extant Capital with $200 million from New Holland Capital, a $6 billion alternative investor that invests in external funds, according to the firm. Foster most recently worked as a senior portfolio manager at Torsion Capital, a team within Izzy Englander's $78 billion Millennium, where he traded for six years. Prior to Millennium, he spent nine years as a credit investor for George Soros' firm. The firm will focus on credit markets, and its day-one roster includes Peter Ellingboe as a senior portfolio manager. Ellingboe previously worked as a portfolio manager for Walleye, which he joined last year, and Verition, where he spent more than five years. "Ryan is a highly skilled credit manager with a strong track record in constructing credit-focused absolute return strategies that provide unique exposure to dislocations within the market," said Scott Radke, New Holland's CEO and co-CIO, in the release. Extant is the latest addition to New Holland's roster of external money managers, which now numbers more than 40. Firms backed by the New York-based firm include former Bridgewater executive Paul Podolsky's Kate Capital, Centiva's onetime European credit head Terrence Matthews' Athlone Investment Management, and ex-Eisler volatility portfolio manager Hardeep Jutti's new fund. New Holland started as an investment advisor for Dutch pension plans and has since become independent. While the firm expects a majority of its investments to continue to be in externally run managers, New Holland is building up its internal team of traders, Radke told Business Insider in July. The firm's new unit, Plum Island, will focus on money managers who do not want to run their own company and has hired former North Rock Capital COO Omar Qaiser to lead it. Foster is the latest Millennium portfolio manager to start his own firm. Some of the industry's most notable launches in recent years include alumni of Englander's manager, such as his former chief investment officer Bobby Jain, the founder of Jain Global, and Diego Megia, who started London-based Taula Capital with money from Millennium.
Business Insider
6 days ago
- Business
- Business Insider
The latest Millennium spin-out is a new credit hedge fund seeded by a $6 billion backer
A former Millennium and Soros investor is starting his own fund. Ryan Foster is launching Extant Capital with $200 million from New Holland Capital, a $6 billion alternative investor that invests in external funds, according to the firm. Foster most recently worked as a senior portfolio manager at Torsion Capital, a team within Izzy Englander's $78 billion Millennium, where he traded for six years. Prior to Millennium, he spent nine years as a credit investor for George Soros' firm. The firm will focus on credit markets, and its day-one roster includes Peter Ellingboe as a senior portfolio manager. Ellingboe previously worked as a portfolio manager for Walleye, which he joined last year, and Verition, where he spent more than five years. "Ryan is a highly skilled credit manager with a strong track record in constructing credit-focused absolute return strategies that provide unique exposure to dislocations within the market," said Scott Radke, New Holland's CEO and co-CIO, in the release. Extant is the latest addition to New Holland's roster of external money managers, which now numbers more than 40. Firms backed by the New York-based firm include former Bridgewater executive Paul Podolsky's Kate Capital, Centiva's onetime European credit head Terrence Matthews' Athlone Investment Management, and ex-Eisler volatility portfolio manager Hardeep Jutti's new fund. New Holland started as an investment advisor for Dutch pension plans and has since become independent. While the firm expects a majority of its investments to continue to be in externally run managers, New Holland is building up its internal team of traders, Radke told Business Insider in July. The firm's new unit, Plum Island, will focus on money managers who do not want to run their own company and has hired former North Rock Capital COO Omar Qaiser to lead it. Foster is the latest Millennium portfolio manager to start his own firm. Some of the industry's most notable launches in recent years include alumni of Englander's manager, such as his former chief investment officer Bobby Jain, the founder of Jain Global, and Diego Megia, who started London-based Taula Capital with money from Millennium.
The Independent
17-06-2025
- General
- The Independent
Missing teen rescued a mile off the Florida coast clinging to his body board
A teenager in Florida whose family feared he'd drowned in the ocean was found nearly a mile from shore clinging to a body board, according to a local report. Over the weekend, a family in Martin County reported that their son was missing. The family told investigators they were at the beach and, at some point, lost sight of the 15-year-old after he went under water. A large search effort was organized that included Ocean Rescue lifeguards, a dive team, the Martin County Sheriff's Office, Martin County Fire Rescue, Jupiter Island Public Safety and the U.S. Coast Guard. The searchers looked for more than an hour before a private captain from TowBoat U.S. happened to spot the teen, according to CBS 12 News. "Oh my God, I found him. I was just scanning the water. I looked directly north and all I saw was the top of his hand waving over the waves," Captain Ryan Foster said, recalling the moment he located the teen to reporters. He said he found the teen hanging onto his boogie board and still wearing his goggles and snorkeling fins. "He was resting his arms up on the boogie board. He was trying to tread water best he could. He had to have been out there, probably well over an hour at that point. So he was definitely getting a little winded, a little tired treading the water," Foster said. The captain said the teenager had a reasonable request. "The only thing he said to me was 'I would like a ride back to shore, please,'" Foster said. After the rescue, the teenager was medically cleared and was reunited with his family. First responders said that he was pulled unusually far away by the ocean currents and called the fact that he was able to be found a miracle. 'We're actually calling this a miracle recovery, because usually when someone gets pulled away, they kinda stay in the general area depending on the wind and the currents. But he unfortunately got pulled very far away and by the grace of God, he was able to stay afloat,' Martin County Fire Rescue District Chief Joshua Shell told reporters.
