Magnetar Capital is a hedge fund based in Evanston, Illinois.
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11 Facts About Magnetar Capital
2.
Magnetar Capital was founded in 2005 by Alec Litowitz and Ross Laser.
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3.
In 2005, Magnetar Capital began investing in the North American energy sector.
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4.
Partner David Snyderman told Derivatives Week at the time that Magnetar Capital was "excited about the opportunities in the mortgage derivatives market".
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5.
Contrary to the allegations, Magnetar Capital maintains that it did not control asset selection for the CDOs in which it invested and that the firm did not place an overall bet against the housing market.
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6.
Separately, in 2012, The Wall Street Journal reported that the government sought to see if Magnetar Capital "had such a strong influence in designing any of the deals that in effect it took over the role of collateral manager".
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7.
In 2014, Magnetar Capital introduced two new energy funds, Magnetar Solar Holdings and Magnetar Solar Opportunities Fund.
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8.
Magnetar Capital Solar owned 25 solar farms with approximately 300 megawatts of generation capacity.
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9.
In 2016, Magnetar Capital owned about 344 megawatts of the UK's solar production.
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10.
Financials of the deal were not disclosed; Magnetar Capital said the deal would help it expand, and management remained in place following the deal.
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