Gator Financial: Top Financials Hedge Fund Is Buying European Banks As One Of The World’s Cheapest Sectors

Derek Pilecki founded Gator Capital Management in July 2008, after several years working at Goldman Sachs Asset Management where he was Co-Chair of the Investment Committee for the Growth Team and a Portfolio Manager.

Q3 hedge fund letters, conference, scoops etc

Summer 2008 was probably one of the worst times in history to open a financials-focused hedge fund. Even though it was only operating for the last six months of 2008, Gator's net performance for the year was -15.3%.

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However, in 2009 the firm bounced back, taking advantage of the opportunities presented as a result of the global financial crisis. For...