Michael Green to Join Commonwealth After Shutting His Own Fundby and
He will be a partner at Adam Fisher's $2 billion hedge fund
Green's Ice Farm Advisors managed $150 million at its peak
Michael Green, a former money manager at Canyon Capital Advisors who spent the last year and a half managing his own hedge fund, is joining Adam Fisher’s Commonwealth Opportunity Capital as partner and head of research.
Green is in the process of returning capital to investors in his hedge fund, Ice Farm Advisors, and will start at Commonwealth this month, he said in an interview. Ice Farm oversaw about $150 million and made wagers on macroeconomic events.
"We knew that there was a small window of opportunity to get the firm to scale in the late stages of a bull market," Green said, adding that some Ice Farm investors are following him to Commonwealth.
Fisher was a real estate investor before he co-founded the Greenwich, Connecticut-based Commonwealth in 2008. The $2 billion firm specializes in macro investments and has gained an average of 12 percent per year in its main fund since its founding, according to a person with knowledge of the matter.
The firm declined to comment on the hire.
Before starting Ice Farm, Green founded and ran the New York office of Canyon, where he worked from 2006 to 2014.