Bahrain-based Investcorp, a leading provider and manager of alternative investment products, announced the acquisition of the Hedge Fund of Funds business unit of SSARIS Advisors, headquartered in Wilton, Connecticut.
Four key mem
Hanging tough seems to have been the right strategy for a good number of money managers now that it appears a stop-gap deal to avoid a federal debt default and reopen the US government is on the verge of passing.
Investcorp's New York-based Hedge Fund Group has announced that industry veteran, Lionel Erdely, will join the firm as head of hedge funds and chief investment officer.
Erdely will join Bahrain-based Invest
Winton Capital, one of the world's biggest hedge fund firms, has developed a new model of its flagship fund, hoping its greater allocation to equities and risk will produce better returns in a sector struggling to make money.
Bahrain investment house Arcapita became the first Gulf entity to file for Chapter 11 bankruptcy protection in the United States, after it was threatened with legal action if it did not repay a hedge fund in full, three sources told Reuters.
A US-based hedge fund said it has won a $72 million legal claim against Dubai's Drydocks World for defaulting on a loan, putting the ship builder's $2.2 billion debt restructuring in further trouble.
Monarch Alternative Capital said in an
US hedge fund Davidson Kempner Capital Management is part of the creditor committee for the $1.1 billion debt restructuring at Bahrain investment house Arcapita, the first time a fund has fulfilled such a role in the Gulf. &nb
Man Group, the world's biggest listed hedge fund manager, reported a second consecutive quarter of heavy client outflows and announced plans for further cost cuts, as nervous investors pulled out of its poorly-performing flagship fund.
Goldman Sachs Group said it has named Pete Lyon as co-head of its business that caters to private equity and hedge fund clients in the Americas.
Lyon, who first joined the bank as an analyst in 1990, will lead Goldman's financial sponsors
Gold could rise to $3,000 an ounce, while stock markets look likely to plummet in coming years as governments print even more money to try and stimulate economic growth, says the CEO of $2 billion hedge fund firm Superfund.
Though gold hit